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Yeah, I mean SongDonkey's argument is among the worse I've seen on this board in the decades I've been reading it. In 1973, Buffett stopped an acquisition of Wesco, only to acquire their own majority stake two years later. The SEC investigated, and fined Blue Chip $115K to compensate Wesco shareholders for damages. This is obviously much worse than the alleged "inaccurate valuations" by Fairfax trumpeted by Muddy Waters. So in that case, clearly, if SongDonkey had been around in 1973, the right thing for him to do then would be to dump all Berkshire Hathaway Class A--and maybe even short those shares considering that they were trading at the lofty price of $71. Such horrific actions by Buffett completely invalidate Berkshire as a potential investment for anyone with an ounce of intelligence, because it's clearly run by a bunch of crooks and cockroaches must be everywhere! Terrible idea to try to profit by buying Berkshire Class A shares for $71 in 1973. --- Overall, this whole Muddy Waters thing makes me feel pretty good about Fairfax because it's such a nothingburger. If the best Muddy can come up with is screaming about what are clearly paper monsters, then that actually validates the investment.

I guess simple errors of omission don't matter when you can move the market and cover the next day. Source: National Bank of Canada

"not alleging fraudulent behavior" ... "cherry-picks" ... "standard short-seller playbook" "If we had to guess, Muddy Waters likely covered the bulk of its short position yesterday" These guys get it.