Prem Watsa, known as 'Canada's Warren Buffett,' has implemented a similar investment strategy to Buffett by investing significantly in companies like Occidental Petroleum.
With an impressive average annual return of over 18% since 1985, Watsa's Fairfax Financial Holdings has had a remarkable performance, even as he stepped down as chairman.
Occidental Petroleum is Watsa's largest investment at Fairfax, constituting 32% of the portfolio, though he faces a 15% implied loss due to high acquisition cost.
Despite Watsa's struggles with Occidental's performance linked to lower oil prices and significant debt, he continues to maintain a substantial investment in the company.
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