Fairfax Financial 2015 Annual Meeting Slides

Fairfax Financial 2015 Annual Meeting Slides

Slides from the Fairfax Financial Holdings 2015 annual meeting.

Play Quizzes 4

Fairfax – Guiding Principles


  • We expect to compound our book value per share over the long term by 15% annually by running Fairfax and its subsidiaries for the long term benefit of customers, employees and shareholders – at the expense of short term profits if necessary
    Our focus is long term growth in book value per share and not quarterly earnings. We plan to grow through internal means as well as through friendly acquisitions
  • We always want to be soundly financed
  • We provide complete disclosure annually to our shareholders


This Long/ Short Equity Firm Sees A Time-Arbitrage Opportunity In This Pest Control Merger

PestYost Partners was up 0.8% for the first quarter, while the Yost Focused Long Funds lost 5% net. The firm's benchmark, the MSCI World Index, declined by 5.2%. The funds' returns outperformed their benchmark due to their tilt toward value, high exposures to energy and financials and a bias toward quality. In his first-quarter letter Read More

  • Our companies are decentralized and run by the presidents except for performance evaluation, succession planning, acquisitions and financing, which are done by or with Fairfax. Cooperation among companies is encouraged to the benefit of Fairfax in total
  • Complete and open communication between Fairfax and its subsidiaries is an essential requirement at Fairfax
  • Share ownership and large incentives are encouraged across the Group
  • Fairfax head office will always be a very small holding company and not an operating company


  • Honesty and integrity are essential in all of our relationships and will never be compromised
  • We are results-oriented — not political
  • We are team players — no “egos”. A confrontational style is not appropriate. We value loyalty — to Fairfax and our colleagues
  • We are hard working but not at the expense of our families
  • We always look at opportunities but emphasize downside protection and look for ways to minimize loss of capital
  • We are entrepreneurial. We encourage calculated risk-taking. It is all right to fail but we should learn from our mistakes
  • We will never bet the company on any project or acquisition
  • We believe in having fun — at work!


Ready for the Next Decade – Building on Fairfax’s Strengths

  • Our guiding principles have remained intact
  • Excellent long term performance
  • Demonstrated strengths
    • Strong operating subsidiaries focused on underwriting profitability and prudent reserving
    • Conservative investment management providing excellent long term returns
  • Well positioned for the future
    • Fair and friendly Fairfax culture

See full PDF below.

Updated on

Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)valuewalk.com
Previous article M&A Activity, Private Equity Deals Fell In April
Next article FIFA Scandal: Russia, Qatar Won’t Be Stripped Of The World Cups

No posts to display