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The Fairfax Way

Inside Prem Watsa's Secret to Lasting Success
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( 84 ratings, 13 reviews)
Brief Description
The rise and stall—and rise again—of corporate Canada's least well-known spectacular success. Even those who have heard of Prem Watsa and Fairfax Financial probably don't understand them. The company sprawls across more than 100 countries and is known for its complex finances—so complex, they once attracted... Read More
Format: Hardback
$7499

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Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

The rise and stall—and rise again—of corporate Canada's least well-known spectacular success.

Even those who have heard of Prem Watsa and Fairfax Financial probably don't understand them. The company sprawls across more than 100 countries and is known for its complex finances—so complex, they once attracted a who's-who of Wall Street short sellers who misread the company as the next Enron and decided it could be profitably pushed into an open grave. The hedge funds even had Bob Dylan lined up to sing at the company's funeral party. Fairfax stared down regulators and fought back. Dylan never got the chance to sing.

Watsa, now 75, stole a page from Warren Buffett in building a $45 billion global empire built on value investing and insurance assets. Its bold and creative trades are legendary, often moving against the herd and making billions while others lose their shirts. These days, the company is back winning billion-dollar bets, but away from the headlines. The Fairfax Way explores the lessons learned and why skies are now blue above a transformed company.

In its 39-year history, Fairfax's annual compound return of 19.2% trounces the S&P 500's 11.3%. Lately, it is outperforming even Silicon Valley tech stocks and winning back an investor following. It's time to get to know Fairfax better. The company's holdings include strategic investments like Bauer hockey sticks, William Ashley wedding gifts, Sleep Country mattresses, Golf Town stores, and Seaspan container ships. If you took home Swiss Chalet chicken last week or went for steak at the Keg, you ate at Fairfax restaurants.

It's time to get to know Prem Watsa better, too. People long misjudged him as a recluse. Truth is, he simply always wanted to build a business, not talk to the media. After 40 years, he and his executives have finally decided it's a good time to open up.

For all the colourful dealmaking, billion-dollar bets, high-stakes hedge fund wars, Thomas reveals an inspiring story for our current troubled times. What emerges is that many people just had trouble believing Fairfax had the audacity to build a company culture based on the golden rule—treat others as you would have them treat you. The Fairfax Way captures the inside story of how a culture of treating people right can be a secret competitive moat to long-term outperformance.

Book Details

INFORMATION

ISBN: 9781037802195

Publisher: Penguin Putnam Inc

Format: Hardback

Date Published: 18 November 2025

Country: United States

Imprint: Viking Press Inc

Audience: General / adult

DIMENSIONS

Width: 160.0mm

Height: 238.0mm

Weight: 250g

Pages: 376

About the Author

DAVID THOMAS has had a front-row seat on the Canadian business world for several decades in Toronto, serving twice as Editor of the Financial Post and leading the reporting team at the Globe and Mail's Report on Business. He served stints as Editor-in-Chief at MoneySense, Marketing and Canadian Business, and as Business Editor at Maclean's. He was born in Vancouver and is currently based in London, England, where you can still buy newspapers at the convenience store.

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