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  "notes": "The slide uses two tables to demonstrate a discrepancy between the reported book value and the market price of Helios Fairfax Partners.",
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      "text": "This was $43.4 million more than the market value at December 8, 2020 (the date of de-consolidation).",
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      "text": "overvaluation: $43.4 million",
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      "text": "After it de-consolidated Fairfax Africa in December 2020, Fairfax booked its remaining investment in Fairfax Africa at an initial value of $186 million based on a share price of $5.25. This was $43.4 million more than the market value at December 8, 2020 (the date of de-consolidation).",
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      "text": "Below: From Fairfax Financial Holdings Annual Report 2020, P. 10. — Fairfax Financial Holdings",
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