"Buffett of Canada" Prem Watsa: The Savior of the BlackBerry

"Sohu It News" (Zhao Ziwen) September 25, the BlackBerry was finally privatized, to see who the BlackBerry Savior is. According to the New York Times, Prem Watsa is the former director and savior of the BlackBerry, and is known in the industry as the Canadian Buffett (Warren). Let's tease the Canadian version of Warren Buffett, who made a personal portrait of himself, calling the "finger" gesture a Watsa in financial transactions (business style on display in financing deal). Small series think that this cartoon is not deep enough, others Watsa is obviously "orchid finger" ah. In other words, the lead acquisition of BlackBerry is Fairfax Financial financial holding company. Prem Watsa is the CEO of Fairfax Financial. Fairfax is involved in a number of businesses, including insurance and investment management, known as Berkshire Hathaway (Berkshire Hathaway) in Canada. The company currently holds about 10% of the BlackBerry stake and is the largest shareholder in the BlackBerry. The Canadian version of Mr. Buffett joined the BlackBerry board in January 2012, when the BlackBerry's two co-founder gave the CEO position to the current boss Thorsten Heins. Watsa, who joined the board at the time of the BlackBerry mess, was a big boost for investors and shareholders. Later, Prem Watsa from the BlackBerry board seat, one months later, the BlackBerry began to announce the search for acquisitions. Watsa's resignation was seen by industry insiders as a sign of his bid. Watsa's investment is carefully considered, and he says the BlackBerry's manufacturer, Motion, has a long term investment value, and the company is undervalued at this stage. Watsa's investment empire Fairfax first started with a freight insurance company, which has expanded rapidly over the years by acquiring and annexing other insurers. He then began to invest widely, as he did with Mr. Buffett, to stick to the value-investing strategy. Watsa's best performance was when the U.S. housing market soared, with a return of more than 2 billion dollars. In 2002, after the "911 incident", Fairfax lost a heavy loss to Watsa must tell investors that the loss figures are true, not typing wrong, and also held his Q1 conference call. The incident, like Buffett's time, Fairfax shares plunged and investors were furious. Fairfax and its investors had to face a long series of lawsuits, even in the face of alleged obscenity claims. However, Watsa turned the tide and finally got the situation. Fairfax's share price has also been restored, with the most recent deal priced at $416 per share. Watsa also a bit like Warren Buffett, the acquisition of the BlackBerry deal, WatsaAsking the Bank is BDT & Co, a boutique investment bank Byron Trott, Buffett's favorite banker. The BlackBerry deal, Merrill Lynch and BMO are also among the advisers.