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  "documentTitle": "Fairfax Financial Holdings Ltd. (FFH)",
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  "authorName": "Muddy Waters Research",
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  "presentationDate": "2024-02-08 00:00:00",
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  "notes": "This is a classic Muddy Waters 'fraud exposure' slide, focusing on accounting manipulation.",
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      "text": "MUDDY WATERS RESEARCH",
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      "text": "book value: $261.8 million",
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      "text": "Fairfax Again Disguises Debt from OMERS as an Equity Investment in a JV to Buy Eurolife. In the Process of Repaying OMERS (by Purchasing its JV Shares), Fairfax Creates Unjustified Fair Value Gains on its Purported Call Option, Misleadingly Creating Paper Gains and Book Value of $261.8 Million.",
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      "text": "2021: Eurolife",
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