The Fairfax Way

“Thomas has managed to pull the curtain back on the success behind Fairfax. Prem Watsa reveals he is brilliant but humble, funny, and generous. A must-read for everyone who has waited decades to know more about him.”
—Amanda Lang, CTV News chief financial correspondent

“Long overdue, David Thomas’ yeoman efforts have resulted in a masterpiece! Anyone who adopts Prem Watsa’s principles is going to end up with far greater success. The one constant with Prem over the decades has been his unwavering focus on sticking to his seemingly simple principles. It resulted in one of the best compounding machines on the planet and a great Canadian success story!”
—Mohnish Pabrai, Indian-born value investor and founder of Pabrai Investment Funds

“The Fairfax Way is a compelling chronicle of one of the great enduring business stories of our time. With clarity and insight, David Thomas reveals how Prem Watsa built a global enterprise through disciplined value investing, a decentralized management structure, and the cultivation of a singular corporate culture.”
—Lawrence Cunningham, director of the John L. Weinberg Center for Corporate Governance, University of Delaware and author of The Essays of Warren Buffett and Quality Investing

“The Fairfax Way is the business book we have been waiting for. For the first time, legendary value investor Prem Watsa opens up on the disciplined approach that made him one of the country’s most successful entrepreneurs.”
—Andrew Willis, columnist at The Globe and Mail

“This book is excellent reading for anyone who wants to understand Fairfax —a complex, frequently misunderstood company whose low-profile CEO is a man of discipline and integrity. As an academic, pre-2004, I did not know much about value investing. Then I met Prem Watsa and discovered I was a value investor, too.”
—George Athanassakos, professor of finance and founder and managing director at the Ben Graham Centre for Value Investing at Ivey Business School, Western University, and author of Value Investing: From Theory to Practice

“David Thomas captures the essence of what makes Fairfax special: its people, its values, and its disciplined approach to capital allocation. As someone privileged to serve on the board of Fairfax and to witness this culture firsthand, I found this a faithful account and a powerful reminder of what principled leadership can achieve.”
—Lauren C. Templeton, principal at Templeton & Phillips Capital Management, LLC and independent director at Fairfax Financial & Fairfax India

“I expected a book written about Prem Watsa, who has led an organization to a meteoric rise in four decades, to be defined by audacious creativity, deep commitment to leadership and unconventional wisdom. This book delivers all that, and then some! The Fairfax Way shows us that success is not a coincidence; it is the result of adhering to well-defined guiding principles over time, which can take you from where you are to where you want to be.”
—Roy Ratnavel, #1 bestselling author of Prisoner #1056