Fairfax Financial Holdings Ltd (TSX: FFH) came up with the name ‘Fairfax’ as a shortened version of “fair and friendly acquisitions,” reflecting the company’s guiding principle of doing business in a fair and amicable way.
Fairfax was founded in 1985, from a refinanced small Canadian insurance company, by the present Chairman and CEO Prem Watsa, who has been called the “Canadian Warren Buffett”.
The company was formerly known as Markel Financial Holdings.
From 1985 to 2024, Fairfax Financial shares have appreciated 19.1% per year on average, in US dollars and including dividends.
Its stock is currently trading at $2,286.04 per share.
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