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Top value picks, best Canadian equity ETFs and rallying lumber stocks: What you need to know in investing this week


The Globe and Mail
Globe Investor
Top value picks, best Canadian equity ETFs and rallying lumber stocks: What you need to know in investing this week
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Looking for investing ideas? Here’s your weekly digest of the Globe’s latest insights and analysis from the pros, stock tips, portfolio strategies plus what investors need to know for the week ahead.
These two stocks are among the favourites right now of Canadian value investor Francis Chou ....

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Where value investor Francis Chou is putting his money these days


The Globe and Mail
Published February 8, 2021
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Warren Buffett transformed Berkshire Hathaway Inc. from a small textile firm into a gigantic insurance-focused conglomerate. It now sports a book value of US$415-billion – the largest in the S&P 500.
Something called float helped power its growth.
Francis Chou pointed out the importance of float to his friend Prem Watsa, who put the knowledge to work soon after when he gained control of Fairfax Financial Holdings Ltd. , then known as Markel Financial, in 1985.
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Mr. Watsa increased Fairfax’s book value with gusto over the long term. It climbed from US$7.6-million in 1985 to US$12.9-billion as of the most recent quarter. ....

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