Will Prem Watsa’s $650-million bet pay off? If it does, Fairfax makes $109 BILLION

Since Prem Watsa took over Fairfax Financial Holdings Ltd. (TSX:FFH), it’s been a pretty good ride for shareholders. When Watsa first established control in 1985, shares of Fairfax traded at just $1.52 each. Just over 30 years later the share price is $731.02, which includes a massive run-up of more than 20% over the last six…