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Prem Watsa, Chairman and CEO of Fairfax Financial Holdings (FFH/NYSE), has drawn a lot of attention with his purchases of Overstock.com and Torstar. You've read me post that we shouldn't read too much into those investments because Fairfax's portfolio is very conservative overall.

Prem Watsa spelled out his concerns in a conference call earlier today:

"Also, we continue to be protected from a one-in-50-to one-in-100-year storm in the financial markets."

Let's get this week underway by noting something that happened at the end of the last one. Fairfax Financial (FFH/NYSE) announced that it now owns 18% of the non-voting shares of newspaper publisher Torstar:

“It’s a value investment. We think it’s a good investment that will create long-term value,� said Paul Rivett, vice-president and chief legal officer at Fairfax, a financial-services holding company with interests in the insurance business.

Reading VInvesting, I see this Globe and Mail piece on veteran money managers buying forestry stocks. The sector is battered. And that's why you'll see that many of the "usual suspects" of value investing are mentioned in the article, among them Cundill and Third Avenue.

Regular readers of Controlled Greed.com know that I don't own any of these stocks directly -- and I might be making a mistake in not doing so. I do have indirect (and I'd imagine tiny) exposure through owning Fairfax Financial (FFH/NYSE):