How Prem Watsa Thinks About Risk
Value investors get paid to worry about risks. Insurance underwriters do too. Those who do both, like Prem Watsa of Fairfax Financial, worry about risks that most people don’t even think about.
The general attitude that “it’s never happened, so why worry about it” is dangerous, Fairfax CEO Prem Watsa said on Thursday. “This is the time to worry about it.”