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David Thomas Fairfax Way Hardback Book 1

David Thomas

Fairfax Way Hardback Book

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Description

Even those who have heard of Prem Watsa and Fairfax Financial probably dont understand them. The company sprawls across more than 100 countries and is known for its complex finances so complex, they once attracted a whoswho of Wall Street short sellers who misread the company as the next Enron and decided it could be profitably pushed into an open grave. The hedge funds even had Bob Dylan lined up to sing at the companys funeral party. Fairfax stared down regulators and fought back. Dylan never got the chance to sing. Watsa, now 75, stole a page from Warren Buffett in building a 45 billion dollar global empire built on value investing and insurance assets. Its bold and creative trades are legendary, often moving against the herd and making billions while others lose their shirts. These days, the company is back winning billiondollar bets, but away from the headlines. The Fairfax Way explores the lessons learned and why skies are now blue above a transformed company. In its 39year history, Fairfaxs annual compound return of 19.2% trounces the S&P 500s 11.3%. Lately, it is outperforming even Silicon Valley tech stocks and winning back an investor following. Its time to get to know Fairfax better. The companys holdings include strategic investments like Bauer hockey sticks, William Ashley wedding gifts, Sleep Country mattresses, Golf Town stores, and Seaspan container ships. If you took home Swiss Chalet chicken last week or went for steak at the Keg, you ate at Fairfax...

SKU: M9781037802195
Product Details & Care

Binding: Hardback;376 pages; Publisher: Penguin Putnam Inc; Classification: KJ; Weight: 668 g; Dimensions: 160 x 236 x 32

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