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Fairfax Financial Holdings Ltd. Chairman and Chief Executive Officer Prem Watsa gestures while speaking during the company's annual meeting in Toronto on April 11, 2013.
Fairfax Financial Holdings Ltd. Chairman and Chief Executive Officer Prem Watsa gestures while speaking during the company's annual meeting in Toronto on April 11, 2013.
(AARON HARRIS/REUTERS)

Prem Watsa walks investors through deflation views

Fairfax Financial Holdings Ltd. was busy adding a new Greek real estate firm, insurer and president to the company in the past few months. But despite the activity, Prem Watsa, the Toronto-based insurer and investment manager’s founder, isn’t sounding any more upbeat about the state of the global economy.