Ben Watsa joins Fairfax as director

[shalab]

From the annual letter as predicted by Sanjeev:

 

My and my family’s focusing on the long term necessarily requires the next generation’s involvement and familiarity with the management of Fairfax, so this year we have nominated my son Ben (a successful portfolio manager in his own right) as a director. None of my children are officers or employees of Fairfax, but involvement at the Board level will ensure the continuation of Fairfax’s ‘‘fair and friendly’’ culture which is such an important factor in the company’s success over the long term.

 

 

[Jurgis]

Malone doesn't have any kids, does he?  ;)

[Parsad]

From the annual letter as predicted by Sanjeev:

 

My and my family’s focusing on the long term necessarily requires the next generation’s involvement and familiarity with the management of Fairfax, so this year we have nominated my son Ben (a successful portfolio manager in his own right) as a director. None of my children are officers or employees of Fairfax, but involvement at the Board level will ensure the continuation of Fairfax’s ‘‘fair and friendly’’ culture which is such an important factor in the company’s success over the long term.

 

Ben's a terrific choice!  Prem's wife Nalini would have been a good choice too.  Cheers!

[AchilliesValue]

Anyone know the name of his investment firm? Curious if we can find his portfolio via 13Fs.

[MrB]

Great choice.

He's with Lissom