Here is a link to an outstanding interview with Prem Watsa from the CFA Institute. If you’re not familiar with Prem, you should study him as he is one of the best practitioners of value investing. He is the CEO and Chairman of Fairfax Financial Holdings. His shareholder letters are similar to those of Warren Buffett in their educational value and transparency and are very much worth reading.
Full Disclosure: I own shares of Fairfax Financial Holdings.