Daily Archives: July 21, 2011

Prem Watsa’s Thoughts on Current Macro Conditions

Posted on July 21, 2011 by Ray Galkowski, CFA

Prem Watsa is Chairman of Fairfax Financial, a Canadian P&C firm in the mold of Berkshire Hathaway. Prem is sometimes called Canada’s Warren Buffett. We held a profitable position in Fairfax for a while, but no longer hold any interest … Continue reading →

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Baupost Group’s (Seth Klarman) 2011 Returns

Posted on July 21, 2011 by Ray Galkowski, CFA

I guess for some journalists a 30% cash position is encouraging news: The Boston-based manager’s partnerships were down between 0.25 percent and 0.60 percent in June. As a result, they are up 2.25 percent to 2. 75 percent for the year … Continue reading →

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