Interesting and insightful NYTimes article about Prem Watsa and BB today

http://dealbook.nytimes.com/2013/11/...=business&_r=0

The clincher is at the end:

"If they think they can get this all sorted out in the public eye, that’s going to be a pretty rare event,” Professor Cumming said, adding that the glare on BlackBerry’s problems will further erode confidence in the brand.

A person who has squabbled with Mr. Watsa over the years is skeptical that Fairfax will be able to save BlackBerry.

"There have been a lot of smarter people looking at this, and they can’t seem to make it work,” he said. “Warren Buffett isn’t buying broken-down tech companies.”

Very interesting.

I don't know the man, so this is pure conjecture, but I wonder how much PWs ego is playing into this?

Originally Posted by m1a1mg

Very interesting.

I don't know the man, so this is pure conjecture, but I wonder how much PWs ego is playing into this?

That's problem...when you don't know about someone it's better to say I cannot comment rather questioning thier ego .. He is not banking on BlackBerry becoming a dominant player again. He is just saying that Govement and regulates industries would continue to use BlackBerry for its top class security and that would be enough to support a much higher valuation.

Posted via CB10

I really think that PW made the same mistake that so many in the "I support BBRY..." thread did. He was a friend of many involved at BlackBerry, he used BlackBerry devices and he is a supporter of Canada. He got emotional involved, which made it hard to make the cold and calculated decisions that are normally crucial in investing. He is HUMAN.

I think PW is in the business of making money and not gunning to be #1 smartphone maker.

Posted via the Super BlackBerry Z10

Deep down, I think he's a little emotionally attached to BlackBerry and wants to be it's shining knight

Posted via CB10