Player Avatar Loerke (92.28) Submitted: 3/16/2011 5:32:38 PM : Outperform Start Price: $365.67 FRFHF Score: -37.31

Run by one of the most conservative players in the business, Fairfax is among the best-hedged insurance firms (nearly 90% of the portfolio is hedged), making it a fine long-term investment. Not all of Watsa's picks pan out immediately, but they tend to work out long term, as his prescient and enormously profitable call on the housing market showed. More recently, his selling of the Russell 2000 at an average price of 650 hurt last quarter's returns, but it may work out as the market is beginning to fall in 2011.

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