For less than 26 years , until fiscal year September 31 , 2010 , Fairfax Financial Holdings Limited book value per share has compounded by more than 24 % per year .
Over the last 25 years ( that is , since present management took over - until fiscal year Dec. 31 , 2010 ) , the company book value per share has compounded by 25 % per year , ( Fairfax Financial Holdings Limited 2010 Annual Report - PDF page 6 )   `` while the common stock price has followed the growth at 21 % per year .
Fairfax Financial