Will Watsa Save Blackberry?

This has been the question of the moment since the news on the deal broke out. As said earlier, Watsa has been leading Fairfax since 1985 and his decisions ever since have given him a legendary status. He predicted the 1987 crash, Japan's crash in the 1990s, and the most recent global financial crisis – and the end result was simply impressive. Fairfax’s sales and earnings have been climbing, while the company's stock price has compounded at 19 percent annually since he took over. In 2007, when the market itself was tearing into parts, Fairfax was racing ahead with investment gains and eventually pulled billions. A year later, still when the smoke was unsettled, Watsa and his company ploughed out money back in equities. This shows Watsa’s brilliance and his shrewd vision.

"Is it going to turn around in three months, six months, nine months? No," he told reporters. "But if you're looking four, five years - We make investments over four or five years.” This is what he had to say after the Blackberry buyout. Keep your fingers crossed- this might be the biggest move in corporate history.

Also Read: Ironic! NSA Revelations Are Actually Helping U.S. Tech Industry

Also Read: Top 10 Big Data Giants