In his 2023 Shareholder Letter, Prem Watsa, often called the “Warren Buffett of the North,” issued a rare and candid mea culpa that offers a sobering lesson in humility, risk, and the unpredictability of technology investing. Watsa laid bare his investment in BlackBerry, a bet that spanned over a decade … Read More
Prem Watsa: Knowing When To Shift from Defense to Offense
I often reflect on my past investment predictions and decisions—what went right, what went wrong, and what I can learn going forward. As I looked back, I was reading the Fairfax Financial 2017 Letter, which included an observation Prem Watsa made in 2011: “The major risks for the economy would … Read More