Opinion: The Fairfax Financial model

The more I study the Fairfax Financial model, the more
interesting it seems.
Last week, on the company's conference call, CEO Prem Watsa
againdiscussed the way in which his company would finance its $4.9bn
acquisition of Allied World.
The Toronto-based firm will use a combination of its own cash on
hand, newly issued shares and third party equity investments - with
Canadian pension fund Omers already signed up for a $1bn buy-in
that will leave it owning 21 percent...