Prem Watsa: How an Indian became Canada's Warren Buffett

Indian-Canadian billionaire Prem Watsa, hailed as the "Warren Buffett of Canada," has announced his succession plan for Fairfax Financial Holdings. His son, Benjamin, is slated to become the next chairman of the $100 billion financial conglomerate, which Watsa built through disciplined, value-based investing since its founding in 1985.