Prem Watsa, CEO of Farifax Financial Holdings, believes in RIM. So much so that he has actually doubled his stake in Research In Motion. Watsa has now gone from owning 5.12%, which he acquired after Thorsten Heins was appointed CEO of RIM in January, to now owning almost 10% of the company.
With this latest investment, Watsa now owns more than Balsillie and Lazaridis, ex-co CEOs of RIM, do. Suffice to say the man believes something good is on its way.