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Prem Watsa, Chairman and CEO of Fairfax Financial
Prem Watsa, Chairman and CEO of Fairfax Financial
(Charla Jones/The Globe and Mail)

Prem Watsa’s big short

Just how bearish is Fairfax Financial CEO Prem Watsa?

When it comes to the outlook for the North American economy, Mr. Watsa has rarely been a glass-half-full kind of guy. But these days he’s so certain the stock market is on the verge of tumbling that he’s willing to happily give up hundreds of millions of dollars in potential investment gains.