Stocks Trading for Less Than the Price Prem Watsa Paid for Them

Of Prem Watsa’s 42 stocks in his current portfolio, only three trade for a lower price than when he originally bought them. He added significantly to his holdings in each of these companies in the last quarter. Watsa is a value investor who purchases stocks of companies with excellent track records with the intent to hold for the long term. Watsa, founder and CEO of Fairfax Financial Holdings, has achieved a 154.6% 10-year cumulative return, compared to 16.4% for the S&P 500.

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Jesse Livermore and setups

Jesse Livermore was one of the most successful speculator . During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. $100 million in 1929 was close to billion of today or more. He did not lose all his money in market, lot was lost in divorce and colorful lifestyle. He committed a suicide.

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Buying Stocks Just Got a Lot Riskier

The “Santa Claus rally” started on Monday. Now, just four days later, the S&P 500 is up 7%.

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Why Everyone Is Wrong About the American Oil Boom

This year, an army of financial analysts has come forward to estimate how big the coming boom in U.S. oil production will be.

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