Fairfax Financial Holdings Ltd Shs Subord.Vtg
FFH: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|%T& | LOCK|&^ | LOCK|XfNND? |
Fairfax Is Enjoying a Hot Streak
Business Strategy and Outlook
While its primary business is insurance, Fairfax is in some ways more of an investment fund. Chair and CEO Prem Watsa has a long history of bold investment bets and has shown a willingness to be unorthodox in portfolio construction. We're somewhat skeptical of this approach, as we believe disciplined underwriting is a more reliable path to long-term value creation for insurers. Fairfax's underwriting record is relatively poor, although it has improved recently amid a hard market.
