Enter the World of Business: Prem Watsa: Canada's Warren Buffet

Prem Watsa is a highly successful entrepreneur, who resides in Toronto, Ontario. After graduating from the University of Western Ontario, he embarked on a career buying companies that he believed would be successful. His strategy was to focus on a variety of companies in different industries. He believes that this reduces the overall risk to his conglomerate. He also focuses on hiring and retaining the best managers. He wants his managers to have "ownership" of their individual firms focusing on the business, its success, and growth. This strategy has made Prem Watsa one of Canada's most successful and admired business leaders.

Describe Watsa's business strategy. Why do you think it was so successful? Suggested first answer.....

Prem Watsa relies on a strategy of picking companies in a variety of industries. He focuses on companies that have value and have been successful.

List all the other reasons...

What factors led to Watsa's success? Factors include his education, knowledge, and research skills, ...(what are all the other factors you believe are important