International expansion and non‑insurance holdings

Kyle Grieve breaks down how Prem Watsa and Fairfax Financial compounded for decades through disciplined value investing, insurance float, and resilient capital allocation.

IN THIS EPISODE YOU’LL LEARN: 00:00:00 – Intro

00:03:29 – How Prem Watsa accidentally found investing and never looked back

00:07:48 – Why insurance float became Fairfax’s secret compounding weapon

00:09:43 – The exact thinking that shaped Fairfax’s long-term value discipline

00:10:02 – How Fairfax set bold targets and held itself publicly accountable

00:13:27 – Why cheap businesses taught painful but critical quality lessons

00:23:53 – How downturns and mistakes strengthened Fairfax’s balance sheet mindset

00:18:18 – What the short seller siege revealed about culture and conviction

00:24:47 – How crisis hedging created survival capital and massive opportunity

00:28:46 – Why overprotection hurt returns and forced strategic humility

00:37:25 – How culture decentralization and capital allocation became Fairfax’s moat

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

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