46: Carson Block: One of the World’s Most Famous Short Sellers. Founder and CIO of Muddy Waters.

46: Carson Block: One of the World’s Most Famous Short Sellers. Founder and CIO of Muddy Waters.

Sign up to our newsletter for more in-depth insights | Follow us on LinkedIn

If you were told that abnormally low interest rates and quantitative easing would provide huge tailwinds for higher equity prices, then it isn’t obvious you would chose to run a fund whose activity was entirely focused on short-selling.

However in today’s episode, Carson Block, Founder & CIO of Muddy Waters Research, describes his early exposure to fraudulent listed companies in the US, before intrigue and law took him to Asia. There he started on a path to discover and unmask some extraordinarily high profile corporate frauds. Detailed research, site-visits, scepticism about management claims and forensic analysis all featured on his journey which resulted in collapsing stock prices and humiliated investors.

Eight of the companies he has exposed as frauds have been delisted from stock exchanges. Two others settled charges with regulators, with Sino-Forest being one of the high profile casualties. Carson describes his approach to identifying potential malpractice, the investment process and explains his willingness to take on large corporations. He shows why he clearly isn’t interested in winning popularity contests

He describes his investment criteria, the paramount importance of risk management, his motivations, dealing with the criticisms and hostility he has faced, his firm's ambitions and the characteristics needed to succeed in this space.

Finally he comments on SPACs, Tesla, the challenges of shorting in a world of negative real rates and why he believes China will lose out to countries like Vietnam (where he prefers to make his long bets).

Avsnitt(231)

197: From the Shadow of the Death Camps to Leading Sequoia: A Family’s Journey Through Peril & Possibility (With Sir Michael Moritz)

197: From the Shadow of the Death Camps to Leading Sequoia: A Family’s Journey Through Peril & Possibility (With Sir Michael Moritz)

Some lives trace the currents of history; a childhood in Wales, growing up in the shadow of parents who had escaped Nazi Germany, academic distinction at Oxford and Wharton, followed by a career that ...

2 Apr 1h 5min

196: Scale, Strategy, and Stewardship: Rachel Elwell, CEO, on Border to Coast’s Growing Power in UK Pensions

196: Scale, Strategy, and Stewardship: Rachel Elwell, CEO, on Border to Coast’s Growing Power in UK Pensions

Moreover, if executed well, it offers the potential to act with a long-term horizon as true asset owners, and to unlock investment opportunities that individual funds might struggle to access alone. T...

19 Mars 57min

195: From Battlefield to Boardroom: Assessing the Cyber War Frontlines  - Jen Easterly on the New Era of Cyber Risk

195: From Battlefield to Boardroom: Assessing the Cyber War Frontlines - Jen Easterly on the New Era of Cyber Risk

We have had some extremely distinguished guests over the last 6 years, but we haven’t secured one who combines, a Rhodes Scholar, US Army Colonel, Counter terrorism expert, leading the US’s cyber inte...

5 Mars 1h 4min

194: General David Petraeus: Inside a World Glowing Red

194: General David Petraeus: Inside a World Glowing Red

A first! For the first time since our inception 6 years ago, we welcome back a guest for their third visit. General David Petraeus, once described by Simon Sebag Montefiore as the ultimate soldier-sch...

19 Feb 1h 6min

193: From Hedge Fund Roots to Alternative Credit Leadership: Soraya Chabarek, President & CEO, MCQS

193: From Hedge Fund Roots to Alternative Credit Leadership: Soraya Chabarek, President & CEO, MCQS

While women leaders in finance are gradually becoming more common, that cannot be said the alternatives industry. But as traditional investment firms increasingly acquire alternatives and private mark...

5 Feb 51min

192: Emerging and Frontier Markets: Cyclical Bounce or the Beginning of a Secular Advance? A discussion with Peter Elam Håkansson, CEO and Founder of East Capital.

192: Emerging and Frontier Markets: Cyclical Bounce or the Beginning of a Secular Advance? A discussion with Peter Elam Håkansson, CEO and Founder of East Capital.

Emerging Markets, once the darling of the asset allocators world, have found themselves increasingly discarded by those same allocators. Such became the re-allocation away from them and the magnetism ...

22 Jan 47min

191: Can We Live Longer? What it Might Mean for Medicine, Money, & Markets - With Dr Andrew Steele

191: Can We Live Longer? What it Might Mean for Medicine, Money, & Markets - With Dr Andrew Steele

As Mike Milken said on this podcast, “the greatest achievement of humankind in the 20th century, was the doubling of life expectancy.” If living longer seems a powerful goal, the caveat would be only ...

8 Jan 1h 4min

190: Marketing God. With Nicky Gumbel, Pioneer of the Alpha Course

190: Marketing God. With Nicky Gumbel, Pioneer of the Alpha Course

In this Christmas special, we reshare our conversation with Nicky Gumbel!  Very occasionally one individual can have a disproportionately powerful impact on a collection of people, but very rarely do...

18 Dec 20251h 2min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
rss-jossan-nina
rss-borsens-finest
svd-tech-brief
uppgang-och-fall
avanzapodden
rss-svart-marknad
borsmorgon
fill-or-kill
bathina-en-podcast
rss-inga-dumma-fragor-om-pengar
rss-dagen-med-di
24fragor
tabberaset
lastbilspodden
rss-kort-lang-analyspodden-fran-di
rss-den-nya-ekonomin
kapitalet-en-podd-om-ekonomi