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Campaigns / Muddy Waters → Fairfax Financial Holdings Ltd.
Muddy Waters vs. Fairfax Financial Holdings Ltd.

Fairfax Financial Holdings Ltd. · FFH

1 deck published between 2024-02-08 and 2024-02-08 — 72 pages, 72 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2024-02-08 initial thesis

    2024 02 Fairfax Financial_FFH_MW_20240208

    72pp · full_deck

    Muddy Waters is short Fairfax Financial, arguing it is 'the GE of Canada' — a serial accounting manipulator whose book value is overstated by ~$4.5bn (~18%) through value-destructive transactions.