Prem Watsa’s Fairfax Financial Holdings has published its annual report, and it makes for great reading. (Thanks Lovesh Vashist)
They’ve grown their book value 25% per year, compounded, in the last 25 years, which is pretty awesome. Fairfax’s stock price has compounded 21% per year. Incredible performance.
They are big on insurance, and to add an Indian connection, own 26% in ICICI Lombard.
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