Canadian Francis Chou is an officer of Fairfax Financial Holdings (FFH/NYSE). He also manages several mutual funds north of the border and has become one of the best value players anywhere.
His flagship Chou Associates Fund is up 11.7% in US dollar terms through June 30 -- even while holding more than 30% in cash.
Chou has just released his mid-year report for all this funds, which you can find here.
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