‘We like democracy’: Prem Watsa shuns China as Fairfax looks for investments in India, U.S.

Prem Watsa, the billionaire head of Fairfax Financial Holdings Ltd., sees plenty of opportunities for investment in the U.S. and his native India. He’s less interested in the other Asian powerhouse.

“In China, we are less invested,” Watsa said in an interview with BNN Bloomberg Television Friday. “We like democracy. We like business-friendly policies.”

Watsa, who emigrated from India 46 years ago, is most excited about the opportunities being created there due to the policies...

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