Billionaire Prem Watsa: Value Investing Philosophy and Strategy

A interview and Q&A with billionaire value investor and founder of Fairfax Financial Holdings, Prem Watsa. In this interview Prem discusses his value investment approach and strategy. Prem later gives examples of companies he has invested in and why. Finally Prem takes questions from students on value investing and a wide range of topics. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Video Segments: 0:00 Introduction 0:43 Buying a apple for 5 cents, selling it for 10 2:23 Recognising a professor 4:20 Ben Graham 4:50 How I got my first job 6:35 Investment vs speculation/ Margin of safety 9:02 John Templeton's advice/ Go against consensus 10:40 Examples of Value investing 14:58 New York real estate story 17:15 Chinese real estate 19:34 Only Value investment philosophy 20:26 John Templeton 22:00 What makes a good business 29:21 Chinese Proverb 30:14 Start of Q&A 30:43 What led you to Value investing? 36:53 Value investment strategy in the recession? 49:04 Investment in Torstar? 53:29 How much more difficult is it to pick a value investment compared to 25 years ago? 59:41 What people skills do new security analysts forget? 1:04:29 How to avoid value traps? 1:10:13 How to find value everywhere? 1:15:20 How do you deal with criticism? 1:18:28 How do you determine the intrinsic value of people and how do you compensate them? 1:23:20 What do you do with investments in tough times? 1:25:31 View on trying to regulate financial leverage in banks? 1:29:32 Do you think investors are going to starting putting a value on community investments? 1:32:03 What's the most important thing you have learned in investing and life? Interview Date: 16th February, 2011 Event: The Ben Graham Center for Value Investing Original Image Source:http://bit.ly/PWatsaPic Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place. For more check out the channel. Remember to subscribe, share, comment and like! No advertising.

Comments

1. 56:26 ... arguing that Facebook is overvalued at $50bn, now worth $400bn .. Lol
2. This 1.5 hours was the most valuable use of time for us today.
3. Why go to business school to learn about investing if they are still using the efficient market model? I hope Ivey does not teach that...
4. What Canadian school?!
5. This guy is bigger joke than J.Hussman!