Prem Watsa, like Jeremy Grantham, was a perma-pessimist about equities until very recently.
Read this interview with him at the Financial Post
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p.s. I've put in a bid for the DIA ETF at $70/share. I currently have a bid that will probably be filled soon for $40/share of NVS, one of my favourite pharm companies. I've been waiting to buy NVS for a long time this cheap.
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