the contrarian perma-bear CEO of Fairfax Financial FFH... yes, the company that made 1 BILLION dollars in profit on a single large bet against the mortgage market using a complex derivative called "credit default swaps" and who's stock has run up from $180 to a high of $343/share recently then you want to invest with Francis Chou.
He's largely undiscovered and his quiet little funds are almost certainly going to revert to the "Chou Mean" sooner than later IMHO. Chou and Prem use a similar approach to investing.
Read the recent G & M article about Chous and his methodology here
My wife and I hold about 30-40% of our entire portfolio in his Chou Associates Fund and to a lesser extent in Chou Asia and Chou Bond.
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