Prem Watsa: Surviving Losses and Playing the Long Game | The Acquirer's Multiple®
1 Articles
1 Articles
Prem Watsa: Surviving Losses and Playing the Long Game | The Acquirer's Multiple®
If there’s one thing Prem Watsa teaches year after year, it’s that investing is a long game—and sometimes, it’s a tough one too. In 2016, Fairfax posted a $512 million loss, but Watsa didn’t flinch. “This was the fourth loss we reported in 31 years,” he wrote. “Since we began 31 years ago, our book value per share has compounded by 19.4% per year.” That’s the perspective of a seasoned investor—zoom out, don’t panic. The real lesson? Stay humble …
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