Author Topic: "The Oracle of Ontario" Maintains Certain "Conviction"  (Read 2383 times)

ValueCarl

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"The Oracle of Ontario" Maintains Certain "Conviction"
« on: June 07, 2011, 08:12:10 AM »
Guru Prem Watsa, often called the “Canadian Warren Buffett” and the “Oracle of Ontario,” is founder, chairman and chief executive of Fairfax Financial Holdings based in Toronto, Canada. He is probably also the richest investment guru you have never heard of. He is widely believed to have predicted the crash of 1987; the Japanese collapse of 1990; and the 2008 meltdown, which he benefited from by investing in credit default swaps turning a $341 million bet into more than $2 billion. His net worth is estimated to be over $4 billion.

http://seekingalpha.com/article/273700-a-look-at-stellar-investor-prem-watsa-s-current-holdings


Parsad

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Re: "The Oracle of Ontario" Maintains Certain "Conviction"
« Reply #1 on: June 07, 2011, 11:12:43 AM »
A number of errors in that article.  Prem is worth alot, but not $4B right now.  He will be eventually!  Cheers!
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ValueCarl

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Re: "The Oracle of Ontario" Maintains Certain "Conviction"
« Reply #2 on: June 07, 2011, 02:32:53 PM »
I don't know. Wealth and its measuring stick, Net Worth, is not always all that it's cracked up to be anyway, right? It's so fleeting for each of us. What's probably more important, is the character, conduct and integrity of men, even the men storing up such temporal treasures here on Mother Earth.  ;)   

Parsad

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Re: "The Oracle of Ontario" Maintains Certain "Conviction"
« Reply #3 on: June 07, 2011, 02:54:22 PM »
What's probably more important, is the character, conduct and integrity of men...

Yup, and he's got that in spades!  Cheers!
No man is a failure who has friends!