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Fairfax Financial Holdings chief Prem Watsa gestures while speaking during the company’s annual meeting in Toronto, April 11, 2013. The deal by Fairfax to buy BlackBerry Ltd. makes one thing clear: Prem Watsa is no Warren Buffett.
Fairfax Financial Holdings chief Prem Watsa gestures while speaking during the company’s annual meeting in Toronto, April 11, 2013. The deal by Fairfax to buy BlackBerry Ltd. makes one thing clear: Prem Watsa is no Warren Buffett.
(AARON HARRIS/REUTERS)

Watsa’s BlackBerry move shows he’s no Oracle of Omaha

The deal by Fairfax Financial Holdings Ltd. to buy BlackBerry Ltd. makes one thing clear: Prem Watsa is no Warren Buffett.

Mr. Watsa, Fairfax’s chairman and chief executive officer, has been compared to the Oracle many times during his career. That’s because he runs an insurance empire (like Mr. Buffett) and invests his company’s cash in out-of-favour opportunities (also like Mr. Buffett).