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What Do ‘Canada’s Warren Buffett’ and Former President Barack Obama Have in Common?

Prem Watsa likes to keep a low profile.

As the Toronto Star put it: “Watsa is the richest, savviest guy you never heard of.”

Nicknamed the “Warren Buffett of Canada,” Watsa is the founder, chairman and chief executive of a diversified insurance company, Fairfax Financial Holdings (FFH.TO/FFH-U.TO), based in Toronto.

Inspired by reading Napoleon Hill’s “Think and Grow Rich,” Watsa arrived in London, Ontario, Canada in the winter of 1972 with just $8 in his pocket.

Watsa had come from India to earn an MBA at the University of Western Ontario.

As a student, he survived by selling stationery and small gifts door to door.

In 1974, with his MBA in hand, Watsa interviewed at Canadian insurance giant Confederation Life.

There, Watsa’s boss gave him a copy of “Securities Analysis” by Benjamin Graham and David Dodd. That book is widely considered to be the “Bible of Value Investing.”

That experience left a lasting impact on Watsa. He even named one of his children after Benjamin Graham.

A decade later, Watsa left to launch his own company. Today, his Fairfax Financial Holdings operates in Canada, the United States and a dozen other countries worldwide.

Click here to read the full article, “What Do ‘Canada’s Warren Buffett’ and President Barack Obama Have in Common?”

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What Do ??Canada??s Warren Buffett?? and Former President Barack Obama Have in Common?

International investment expert Nicholas Vardy shares what Canada??s Warren Buffett and Barack Obama have in common.

Prem Watsa likes to keep a low profile.

As the Toronto Star put it: ??Watsa is the richest, savviest guy you never heard of.?

Nicknamed the ??Warren Buffett of Canada,? Watsa is the founder, chairman and chief executive of a diversified insurance company, Fairfax Financial Holdings (FFH.TO/FFH-U.TO), based in Toronto.

Inspired by reading Napoleon Hill??s ??Think and Grow Rich,? Watsa arrived in London, Ontario, Canada in the winter of 1972 with just $8 in his pocket.

Watsa had come from India to earn an MBA at the University of Western Ontario.

As a student, he survived by selling stationery and small gifts door to door.

In 1974, with his MBA in hand, Watsa interviewed at Canadian insurance giant Confederation Life.

There, Watsa??s boss gave him a copy of ??Securities Analysis? by Benjamin Graham and David Dodd. That book is widely considered to be the ??Bible of Value Investing.?

That experience left a lasting impact on Watsa. He even named one of his children after Benjamin Graham.

A decade later, Watsa left to launch his own company. Today, his Fairfax Financial Holdings operates in Canada, the United States and a dozen other countries worldwide.

Click here to read the full article, “What Do ??Canada??s Warren Buffett?? and President Barack Obama Have in Common?”

Written By

Nicolas A. Vardy is the London-based International Economics Correspondent for Human Events.

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