Q4 2020 Letter

$FFH $ONEX $PSK

I wasn’t going to release this letter as my original goal of writing concise quarterly reports was in hindsight a mistake and quite limiting. By covering three companies in this letter, the write ups are so small that they are essentially just glorified tweets and the value add to clients is extremely limited.

It’s been 12 months now since we launched Tidefall. I’ve learned a lot and there’s a number of things I would have done differently, especially on the business side. If you want to read a retrospective on what I learned starting a hedge fund, let me know and I’ll put something together.

Disclosure: Long Fairfax, Onex and Prairie Sky