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On episode 191 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Carson Block, Founder and Chief Investment Officer of Muddy Waters Capital to discuss: how activist short-sellers expose fraud, Carson's biggest shorts, the problem with CEO compensation, and much more! This episode is sponsored by Apex Fintech Solutions. Learn more at: https://apexfintechsolutions.com/augmented-advice Sign up for The Compound Newsletter and never miss out: thecompoundnews.com/subscribe Instagram: instagram.com/thecompoundnews Twitter: twitter.com/thecompoundnews LinkedIn: linkedin.com/company/the-compound-media/ TikTok: tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Economic theory suggests that when competition decreases, remaining firms may have more market power, which can lead to increased opportunities to expand, innovate, or capture a larger market share. Does that analogy apply to the world of shorting? And even if you are considered one of the best in the business, can you stay afloat with a rising tide of bullishness and asset inflation? To discuss what's changed and where might the opportunities lie, we welcome back Carson Block, who first appeared in September 2021. He discusses sourcing ideas and the warning signs and characteristics of companies they typically like to short along with examples of companies that meet their criteria. He discusses if AI can assist in screening for pattern recognition in potential candidates. He then reflects on the resilience needed to survive bull markets and hostile adversaries, and just as short-sellers leave the field, what may lie ahead! Recorded January 2025. The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG. Sign up to our Newsletter | Follow us on LinkedIn | Watch on YouTube
As mentioned many times on this program, stocks entered the year trading at or near record-high valuation extremes.When stocks are at such overbought extremes, short-sellers smell opportunity. They've certainly had a lot of it over the past two weeks.Today we have the good fortune of speaking with one of the best known short-sellers in the business, Carson Block, founder of Muddy Waters Research.He's come to the conclusion that the market, especially in the US, are "broken"To find out why, watch this video.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
Muddy Waters Capital CEO and Founder Carson Block discusses Robinhood's stock picking contest and how he and other investors are managing their stock picks amid current market conditions. He speaks with Bloomberg's Sonali Basak, Katie Greifeld, and Matt Miller. See omnystudio.com/listener for privacy information.
Founded in 2010 by Carson Block, Muddy Waters Research is best known for its short-selling, predominantly in the mid-cap space. In this episode of IC Interviews, Block joins Dave Baxter to discuss what it would take for him to bet against the Magnificent Seven, the UK activist investing landscape, opportunities in Vietnam and India, and why China is uninvestable. This episode was recorded on 5 February. Timestamps 00:31 State of short selling9:04 What could change the market 16:30 Going against the Magnificent 718:16 Opportunities in UK sectors 21:28 Saba Capital23:18 Vietnam fund27:15 China30:48 India33:03 How short and long differClaim your first 12 weeks of Investors' Chronicle Print + Digital for just £12. You will get instant access to our website and app, plus the magazine delivered to your door every week. To start your trial, visit www.investorschronicle.co.uk/podcasttrial *After your 12-week trial you will pay just £62 every 13 weeks by direct debit. If you're not entirely satisfied, you can cancel up to 5 business days before your renewal date and only pay the £12 already debited. This offer is for UK subscribers only. Hosted on Acast. See acast.com/privacy for more information.
Markets get a gut punch on the wild AI ride. Big tech reporting – some interesting moves. Inflation – PCE inline. And our guest, Carson Block, Founder of Muddy Waters Research NEW! DOWNLOAD THIS EPISODE'S AI GENERATED SHOW NOTES (Guest Segment) Carson Block is the Chief Investment Officer of Muddy Waters Capital LLC, an activist investment firm. Muddy Waters conducts extensive due diligence based investment research on companies around the globe. Mr. Block is also the founder of Zer0es TV (www.zer0es.tv), an online channel dedicated to short selling related video content. Bloomberg Markets Magazine named Mr. Block as one of the “50 Most Influential in Global Finance” in 2011. The following year, Muddy Waters received the prestigious Boldness in Business Award from the Financial Times. In September 2015, Mr. Block was featured in the book, The Most Dangerous Trade: How Short Sellers Uncover Fraud, Keep Markets Honest, and Make and Lose Billions, by former Bloomberg writer Richard Teitelbaum. He is also featured in the 2018 documentary The China Hustle. Mr. Block appears frequently as a commentator on Bloomberg Television, CNBC and the BBC. He has written op-eds in the Wall Street Journal, Financial Times, and New York Times on various topics related to improving corporate governance and market transparency. Prior to forming Muddy Waters, Mr. Block was an entrepreneur in China and worked as a lawyer in the Shanghai office of the U.S. law firm Jones Day. In 2007, he co-authored Doing Business in China for Dummies, a primer on doing business in China. He holds a B.S. in business from the University of Southern California and a J.D. from the Chicago-Kent College of Law, where he has also served as an adjunct professor. Follow @muddywatersre Learn More at http://www.ibkr.com/funds Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Stocks mentioned in this episode: (CVNA), (TSLA), (GLD), (VNM)
Muddy Waters Capital Founder and CIO Carson Block shares his views on Elon Musk, saying that "nobody has played the game better than he has." Block tells Bloomberg TV's Haslinda Amin that while Tesla is a volatile stock, Musk "does incredible things" and "pulls rabbits out of the hat constantly."See omnystudio.com/listener for privacy information.
In a thrilling return of our Short Story format, Carson Block of Muddy Waters Capital sits down with Edwin Dorsey, Author of The Bear Cave. In this episode, Carson and Edwin break down the charges and allegations underlying the Government's complaint against activist short seller Andrew Left. Edwin begins by questioning the Government theories of Andrew's trades in the stock of General Electric (GE). He then goes on to give an example of another prominent hedge fund manager, Dan Loeb of Third Point LLC, and his activities surrounding Herbalife (HLF) in 2013. As Carson shares, there are a myriad of factors that go into a sophisticated investor's trading activities, only one of which is the investor's own price objective. Carson then explains why this case is paramount for the future of the sell-side industry, their use of price targets, and all the garbage that goes into Wall Street's infamous valuation models. Can the SEC really conjure up a new rule that could require Andrew, and possibly other short sellers, to hold positions for five days after publishing a report? Carson analyzes this possibility under the First Amendment explaining why he doesn't believe any court would grant such an unconstitutional proposal. Will this episode have long-lasting impacts for the behavior of short activists? And what might it mean for the spirit versus the letter of the law as it pertains to investors, corporations, and regulators?
Noticias Económicas y Financieras Las acciones solo suben. Hasta que no lo hacen. El Nasdaq (COMP:IND) sufrió ayer su peor día de 2024, con el índice de gran peso tecnológico cayendo más del 3% por primera vez en más de 400 días de negociación. La caída eliminó cientos de miles de millones de dólares en capitalización de mercado de los Siete Magníficos, ya que abundan las preocupaciones por las ganancias de las grandes tecnológicas que han impulsado al mercado en general a máximos históricos. Una rotación también se ha abierto camino en el sentimiento inversor en las últimas semanas, mientras que otras preocupaciones se centran en la economía en general. El drama en torno al próximo acuerdo de medios de comunicación del baloncesto profesional está dando sus siguientes pasos, ya que la Asociación Nacional de Baloncesto rechazó un intento de Warner Bros. Discovery $WBD de seguir siendo titular ejerciendo derechos de igualación. La NBA alcanzó un acuerdo de más de $76B la semana pasada con ESPN $DIS, NBC $CMCSA y Amazon $AMZN, dejando fuera a los socios de varias décadas TNT y TBS, que son propiedad de WBD. Los próximos movimientos pueden ser legales, ya que el nuevo acuerdo de medios entrará en vigor en 2025. "Hemos igualado la oferta de Amazon, ya que tenemos un derecho contractual a hacerlo, y no creemos que la NBA pueda rechazarla", dijo TNT en un comunicado. $BA Boeing se ha declarado culpable formalmente ante el Departamento de Justicia por realizar declaraciones falsas sobre el software clave del 737 Max vinculado a dos accidentes fatales en 2018 y 2019. El Departamento de Justicia señaló que Boeing no se aseguró de que los empleados documentaran la extracción de piezas durante la fabricación del avión y no confirmó si los mecánicos e inspectores realmente completaron el trabajo. "Seguiremos trabajando de forma transparente con los reguladores a medida que tomamos medidas importantes en Boeing para fortalecer nuestros programas de seguridad, calidad y cumplimiento", declaró el fabricante de aviones. También pagará una multa de $243M como parte del acuerdo. La compañía de financiación inmobiliaria Blackstone Mortgage Trust $BXMT se hundió casi un 12% ayer después de recortar su dividendo en casi un 25%, ya que las tasas de interés más altas y la caída de los valores impulsan más impagos en el sector inmobiliario comercial. El dividendo reducido "refleja un nivel sostenible en relación con el poder de generar ganancias a largo plazo", dijo la directora ejecutiva Katie Keenan. En el centro de atención está una llamada del vendedor en corto Carson Block de marzo, que señaló que los problemas del mercado inmobiliario probablemente estaban en las "primeras entradas". También pronosticó que los bienes raíces multifamiliares seguirían a las oficinas en los sectores de bienes raíces comerciales más problemáticos.
Muddy Waters Capital CEO Carson Block discusses how politicians react to short selling with Bloomberg's Matt Miller, Sonali Basak, and Katie Greifeld.See omnystudio.com/listener for privacy information.
In this episode of Engaging Alternatives Spotlight, Elana Margulies-Snyderman, Director, Publications, EisnerAmper, speaks with Carson Block, Founder, Muddy Waters Capital, a Texas-based activist hedge fund manager. Carson shares his outlook for activist investing and short selling, including the greatest opportunities and challenges. He also shares his outlook for ESG and more.
Carson Block, CEO of Muddy Waters Research, joins The Express to explain how one of the most influential short sellers identifies the frauds, the lies, the half-truths and the warning signs that companies sometimes use to dupe investors. Block discusses why his firm and others are looking deep into the commercial and residential real estate markets for what might be rotting inside balance sheets, and the catchphrases investors should be aware of inside corporate filings. Plus, retail investors took an extended spring break in April, but may have rediscovered their favorite stocks. LINKS FOR SHOW NOTES https://www.investopedia.com/terms/s/stagflation.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8639418 https://muddywatersresearch.com/ https://www.vandaresearch.com/news/ https://www.investopedia.com/1973-energy-crisis-definition-5222090 https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_042624A.pdf
Carson Block, CEO of Muddy Waters Research, joins The Express to explain how one of the most influential short sellers identifies the frauds, the lies, the half-truths and the warning signs that companies sometimes use to dupe investors. Block discusses why his firm and others are looking deep into the commercial and residential real estate markets for what might be rotting inside balance sheets, and the catchphrases investors should be aware of inside corporate filings. Plus, retail investors took an extended spring break in April, but may have rediscovered their favorite stocks. LINKS FOR SHOW NOTES https://www.investopedia.com/terms/s/stagflation.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8639418 https://muddywatersresearch.com/ https://www.vandaresearch.com/news/ https://www.investopedia.com/1973-energy-crisis-definition-5222090 https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_042624A.pdf
March 13, 2024 - On today's podcast we welcome special guest Carson Block of Muddy Waters. Carson is an activist short seller who conducts in-depth fundamental short analysis focused on business fraud, accounting fraud, and fundamental problems. On the show, we discuss: His fortuitous path to short selling as a profession Sino Forest and the short that put him on the map The thesis behind his bearish view on Fairfax Financial His approach to risk management And more
On the Debtwired! Podcast, Carson Block, CEO of Muddy Waters, joins Debtwire Europe's Head of High Yield Adam Samoon to discuss short selling trades in credit.Muddy Waters has exposed accounting issues and fraud at many global companies. This podcast examines what operational characteristics provide fundamentals for good short trades and monitors examples of trades that have been implemented.A number of bonds in the European real estate sector have had large price drops in recent years. Real estate risks are considered alongside current short trade ideas across other geographies and sectors.Lastly, the podcast explores if short selling has become harder to implement due to the new paradigm of reduced secondary liquidity and CDS orphanage event risks.
Carson Block, activist short seller and founder of Muddy Waters Research and Muddy Waters Capital, returns to Forward Guidance to share his short thesis on Blackstone Mortgage Trust (BXMT), a large publicly traded vehicle that owns loans backed by commercial real estate (CRE) buildings. Block argues that a “perfect macro storm” of lower net operating income (NOI), higher interest rates, and impaired CRE values, could force BXMT to cut their dividend. Using individual loan level data from BXMT's collateralized loan obligations (CLOs), Block found that, absent rate swaps, 73% of CLO borrowers aren't covering interest expense, and 27% were unable to pay just the risk free rate (SOFR). Block estimates that 16 Billion (notional value) of rate swaps will expire in 2024, which will put severe stress on the borrowers as well as BXMT itself, potentially creating a liquidity crisis. Block and Farley discuss Blackstone Mortgage Trust's “fact sheet,” which BXMT may have released in response to Muddy Waters report, originally released on December 6. This interview was filmed on December 20, 2023. NOTE: as disclosed during this interview, Block and his firm are short BXMT against a comparable basket of longs. In no way is this interview an inducement to short BXMT. Lastly, throughout the interview the term “Blackstone” is sometimes used in lieu of “Blackstone Mortgage Trust”; it is this company, and NOT Blackstone (BX) itself, that is being referenced, as the bear case discussed in this interview is for BXMT, not BX. Muddy Waters Research short report on Blackstone Mortgage Trust ($BXMT), December 6, 2023: https://www.muddywatersresearch.com/research/bxmt/mw-is-short-bxmt/ Blackstone Mortgage Trust's Fact Sheet: https://s26.q4cdn.com/698820489/files/doc_financials/2023/q3/BXMT-Fact-Sheet.pdf Blackstone Mortgage Trust investor relations: https://ir.blackstonemortgagetrust.com/shareholders/default.aspx _ Other Muddy Waters Research: https://www.muddywatersresearch.com/research/ Zer0es TV: https://www.zer0es.tv/ Carson's previous appearance on Forward Guidance (March 2022): https://www.youtube.com/watch?v=SScVuA4nf44&t=2213s _ Follow Muddy Waters Research on Twitter https://twitter.com/muddywatersre Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Use code FG20 to get 20% off Blockworks' Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london __ Timestamps: (00:00) Introduction (00:18) Short Thesis on Blackstone Mortgage Trust (BXMT) (05:00) Loan Level Data Reveal Interest Expense (Absent Swaps) Often Exceeds Net Operating Income (12:14) Refinancing Is A Lot Harder When Collateral Values Have Fallen (22:07) In-Depth Analysis Of Interest Rate Swaps (30:39) How Does This Play Out (37:07) Risk To The Bear Case: That The Mothership (Blackstone) Bails Out BXMT (41:59) Managing The Short BXMT Position (45:39) Closing Thoughts __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy marketsTimestamps:
Chinese exports grow, snapping a six-month losing streak but jitters over the world's second-largest economy persist, which pushes U.S. crude prices to below the $70 mark. In the U.S., private sector payrolls data is weaker than expected sending Wall Street into the red once more. However, Amazon CEO Andy Jassy tells our colleagues Stateside that consumer sentiment remains robust. Major bank CEOs testify on Capitol Hill where JPMorgan boss Jamie Dimon lashes out at cryptocurrencies, saying they enable various illicit activities and calls on the government to shut them down. We also speak to Muddy Waters Research founder Carson Block who shorts Blackstone Mortgage Trust, warning that commercial property owners will come under ‘significant strain' next year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Daily Business and Finance Show - Thursday, 7 December 2023 We get our business and finance news from Seeking Alpha and you should too! Subscribe to Seeking Alpha Premium for more in-depth market news and help support this podcast. Free for 14-days! Please click here for more info: Subscribe to Seeking Alpha Premium News Today's headlines: Tobacco jolt: British American Tobacco writes down $31.5B from value of U.S. brands Menthol cigarettes ban to be delayed - report AMD sinks as it takes wraps off Nvidia competitor, updates AI forecast British American Tobacco is defended by analysts after big U.S. business writeoff U.S. oil prices slide below $70 as gasoline inventories spark fuel demand worries Exxon Mobil CEO says resolution of Guyana dispute likely a couple years away Blackstone Mortgage Trust falls after Carson Block says he's shorting (update) Bristol-Myers Squibb boosts quarterly dividend by 5.3% to 60 cents Nasdaq, S&P, Dow end in the red, dragged down by energy stocks as oil falls below $70 Explanations from OpenAI ChatGPT API with proprietary prompts. This podcast provides information only and should not be construed as financial or business advice. This podcast is produced by Klassic Studios Learn more about your ad choices. Visit megaphone.fm/adchoices
Muddy Waters renewed its short call on Sunrun citing discrepancies in subscriber numbers. CEO Carson Block discussed the call with Bloomberg's Erik Schatzker on "Bloomberg Markets."See omnystudio.com/listener for privacy information.
Short selling – the trade where you hope a stock's value will fall rather than rise. If it does, the trader can win. Big. That's led to the growth of what's called the activist short seller. A trader who comes out to tell the world why a company's stock should be lower than it is. They're betting on its failure. Carson Block from the firm Muddy Waters is one of the most prominent new short sellers – vocal on the news and social media, he explains why the companies he shorts are usually the ones with something to hide. Producer: Ciaran Tracey Presenter: Leanna Byrne
Carson Block joins the podcast today to discuss his work as an “activist short seller”. As the founder of Muddy Waters Research, Carson is known for alleging fraudulent accounting practices in publicly traded companies. Carson was exposed to investment at a young age, and through his experience, he discovered the dark side of major companies' accounting practices. Since then, he has made it his mission to uncover financial manipulation, expose it, and hold these actions accountable… In this episode, we touch on: What an “activist short seller” is. How companies can significantly manipulate their financials. Who typically directs financial accounting within companies. To find out more about Carson and his work, click here now! Episode also available on Apple Podcast: http://apple.co/30PvU9C
This week we're replaying a podcast episode with Carson Block, founder of Muddy Waters Research, from June 2022. Carson joined us to discuss the contentious topic of short selling. Short selling is an investment or trading strategy that speculates on the decline in a stock or other security's price. Carson takes an activist approach to short selling, founded on exposing fraudulent practices in publicly traded companies. This challenges the view that short selling, by its nature, is an exploitative practice. We talked to Carson about the probabilistic thinking and psychological framework needed by a contrarian thinker as well as the cross disciplinary collaboration that lies behind exposing unethical financial practices. Enjoy! NEW EPISODES: We release main series episodes every two weeks on Mondays. You can subscribe via Podbean or use this feed URL (https://tvpschroders.podbean.com/feed.xml) in Apple Podcasts, Spotify, Google Podcasts and other podcast players. GET IN TOUCH: send us a tweet: @TheValueTeam Important information. This podcast is for investment professionals only. This information is not an offer, solicitation or recommendation to buy or sell any financial instrument or to adopt any investment strategy. Any data has been sourced by us and is provided without any warranties of any kind. It should be independently verified before further publication or use. Third party data is owned or licenced by the data provider and may not be reproduced, extracted or used for any other purpose without the data provider's consent. Neither we, nor the data provider, will have any liability in connection with the third party data. Reliance should not be placed on any views or information in the material when taking individual investment and/or strategic decisions. Any references to securities, sectors, regions and/or countries are for illustrative purposes only. The views and opinions contained herein are those of individual to whom they are attributed, and may not necessarily represent views expressed or reflected in other communications, strategies or funds. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall. Past Performance is not a guide to future performance and may not be repeated. The forecasts included should not be relied upon, are not guaranteed and are provided only as at the date of issue. Our forecasts are based on our own assumptions which may change
Ever wondered what lies beneath the mysterious world of activist short selling? This episode unravels that enigma as we sit down with the insightful Carson Block, founder of Muddy Waters Research. We take a thrilling dive into his intriguing journey, commencing from a self-storage business on the brink of failure in China, through to his international venture into activist short selling. Carson artfully delineates the subtle differences between traditional and activist short selling, using personal anecdotes from his early adventures with the potentially fraudulent Chinese company, Orient Paper.As the conversation progresses, we find ourselves navigating the intricate global ramifications of the COVID-19 pandemic. With keen analysis, we discuss the potential reshuffling of geopolitical alliances and shine a spotlight on Vietnam – a possible beneficiary of this realignment. Assessing the opportunities and hurdles in investing in their stock market is a fascinating exploration. The discourse then segues into a critical review of the real estate market and ESG investing, considering the impacts of US and ECB rate hikes on Vietnam's real estate market and the dubious aspects of 'green' technologies.Lastly, in this enlightening journey, we scrutinize the exploitation of government subsidies by renewable energy companies. We provide an in-depth look into risk management strategies for short selling and round off the discussion with a comical take on the absurdity of capital markets. So, join us for this enlightening conversation, where we offer a fresh perspective on the world of activist short selling, the post-COVID-19 global market landscape, and the contemporary status of ESG investing.ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at https://theleadlag.report/leadlaglive and get 30% off as a podcast listener.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Support the show
Carson Block is not an unfamiliar name, at least in the equity markets. He and his short-activism fund Muddy Waters Research have been at the center of many notable trades in recent years — so notable, in fact, that the SEC began investigating him last year.He's talked publicly about the covert techniques he and his colleagues use to uncover fraud, and about the impacts of short selling on his health. Amongst his successes have been some setbacks, like when Chinook was acquired by Novartis just after Muddy Waters doubled down on its short position.But shorting credit is a different ball game, and one that doesn't get as much visibility as public stocks.Muddy Waters has experience in that arena too, with short bets on names like Casino and Vivion, so we wanted to know what advice Block had for debt investors trying to spot which names to stay away from. Welcome to the short seller's guide to credit!
Carson Block is the founder of Muddy Waters Research. In this conversation we talk about the short selling environment, ESG grift, AI stocks, US & China relations, and what exactly is happening with tech companies with sky high valuations in private market & have come out in the public market. ======================= Backed by world-class investors, including Google's AI Fund, Range has redesigned wealth management from the ground up. Range delivers a tech-first experience that provides fast, high-quality, transparent wealth management services making it simple to optimize and grow your wealth.With Range, you get comprehensive services like tax optimization, investment management, and estate planning with no hidden fees. That means no AUM fees.Get started today with code POMP15 for 15% off any quarterly plan for your first year at range.com/pomp ======================= Sign up for a StartEngine account today using the link below and explore live investment opportunities where you can start investing with as little as $100:https://invest.startengine.com/?utm_source=podcast&utm_medium=anthonypomp&utm_campaign=startengine-own The information provided in this marketing material is for illustrative purposes only and should not be considered as financial advice. Past performance, including the success of certain individuals, is not indicative of future results. Investing in any market, including startups, involves risks, and there is no guarantee that similar opportunities will yield comparable returns.Number of Users is determined by counting user profiles with unique email addresses which are active and have been confirmed*Includes $760M in funds raised as of May 9, 2023 via Reg. CF and Reg. A+ combined through StartEngine's funding portal and broker dealer, StartEngine Capital, LLC and StartEngine Primary, LLC respectively, as well as StartEngine's own raises. Also includes $470M in funds raised previously through offerings conducted on http://www.seedinvest.com outside of the StartEngine platform. In May 2023, StartEngine acquired assets of SeedInvest, including email lists for SeedInvest's users, investors and founders seeking to raise funds. ======================= Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/
In light of the recent mini-crisis across the US banking sector, Carson Block sits down with Soren Aandahl of Blue Orca Capital for a special episode of Zero Fucks Given. Shortly after the news dropped, Carson went into scramble mode, trying to find an opposing view on the prudence of the Silicon Valley Bank bailout. Soren, happy to enter the debate, believes policy makers made the right decision in a very difficult situaiton. Moral hazard concerns aside, he argues that the measures deployed were necesary to prevent a run on all regional banks. Carson pushes back, given the incestuous nature of SVB, and why regulators could have both sent a message on risk taking, while also calming the nerves of panicky depositors. The pair go on to debate the long-term implications but both are in agreement that the messaging may have done more damage than the cure.
How do we hold large companies responsible for the financial fraud that they commit? Carson Block, the founder of Muddy Waters Research, joins us today to discuss how he has made it his mission to do just that – and in doing so, has been remarkably successful… Carson is known for alleging fraudulent accounting practices in publicly traded companies. He does this by uncovering financial manipulation, exposing it, and holding these actions accountable. Wondering what he seeks to accomplish by doing this? Tune in to find out now! In this episode, we address: What it means to manipulate finances. The importance of printing out several years of earnings transcripts. Large problems that Carson and his company have uncovered. To find out more about Carson and his work, click here now! Episode also available on Apple Podcasts: https://apple.co/38oMlMr
In the first in a series of shows related to short selling we speak to Carson Block, founder of Muddy Waters Research, an activist fund manager. Carson takes us through his life to help explain why he's willing to risk his livelihood and reputation to take down fraudulent businesses. Look out for more on our short selling series in the coming weeks. This interview was edited down from a longer chat with Carson on our sister podcast The Value Perspective where you can listen to the full interview. RUNNING ORDER: 02:47 - Part one: Muddying the waters 09:16 - Part two: How activist investing works 15:13 - Part three: Thick skin and iron will: what it takes to be an activist investor NEW EPISODES: The Investor Download is available every Thursday and will be released at 1700 UK time. You can subscribe via Podbean or use this feed URL (https://schroders.podbean.com/feed.xml) in Apple Podcasts and other podcast players. GET IN TOUCH: mailto: Schroderspodcasts@schroders.com find us on Facebook send us a tweet: @Schroders using #investordownload READ MORE: Schroders.com/insights LISTEN TO MORE: schroders.com/theinvestordownload Important information. This information is not an offer, solicitation or recommendation to buy or sell any financial instrument or to adopt any investment strategy. Any data has been sourced by us and is provided without any warranties of any kind. It should be independently verified before further publication or use. Third party data is owned or licenced by the data provider and may not be reproduced, extracted or used for any other purpose without the data provider's consent. Neither we, nor the data provider, will have any liability in connection with the third party data. Reliance should not be placed on any views or information in the material when taking individual investment and/or strategic decisions. Any references to securities, sectors, regions and/or countries are for illustrative purposes only. The views and opinions contained herein are those of individual to whom they are attributed, and may not necessarily represent views expressed or reflected in other communications, strategies or funds. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall. Past Performance is not a guide to future performance and may not be repeated. The forecasts included should not be relied upon, are not guaranteed and are provided only as at the date of issue. Our forecasts are based on our own assumptions which may change. Issued by Schroder Investment Management Limited, 1 London Wall Place, London EC2Y 5AU. Registered No. 1893220 England. Authorised and regulated by the Financial Conduct Authority.
Carson Block joins the podcast today to discuss his work as an “activist short seller”. As the founder of Muddy Waters Research, Carson is known for alleging fraudulent accounting practices in publicly traded companies. Carson was exposed to investment at a young age, and through his experience, he discovered the dark side of major companies' accounting practices. Since then, he has made it his mission to uncover financial manipulation, expose it, and hold these actions accountable… Offer: Are you ready to unlock the true potential of your body and mind? Introducing Analemma coherent water, a revolutionary new way to improve your health and well-being. Analemma has been clinically proven to significantly increase the ATP levels - the mitochondrial energy of your body! It significantly improves your gut health by improving the state of your microbiome, and it provides up to 12 years of biological age rejuvenation within only three months of drinking this water! Imagine having more energy, a healthier gut, a clearer mind and a youthful body - with Analemma water, it all stops being a dream. Take the first step towards unlocking your true potential – try Analemma water and revolutionize your life! Visit coherent-water.com. Every purchase comes with a 100% money back guarantee, so you can literally taste the difference risk free GET 10% DISCOUNT BY USING CODE Genius10.coherent-water.com – Join the Water Revolution. In this episode, we touch on: What an “activist short seller” is. How companies can significantly manipulate their financials. Who typically directs financial accounting within companies. To find out more about Carson and his work, click here now! Episode also available on Apple Podcast: http://apple.co/30PvU9C
Welcome to a look back at this year's interviews with industry experts. It has been a packed year so join Kieran Poole as we journey through the class of 2022. Hear from CorpGov's Jim McRitchie, Schulte Roth and Zabel's Ele Klein and Marc Weingarten, As You Sow's Olivia Knight, film director Bruce David Klein, Muddy Waters Research's Carson Block, White & Case's Tom Matthews and Sonica Tolani, The California State Teachers' Retirement System's Aeisha Mastagni, Shareholder Rights Group's Sanford Lewis, Georgeson's Cas Sydorowitz and Alicia Ogawa, Olshan Frome Wolosky's Ryan Nebel and Elizabeth Gonzalez-Sussman, The Activist Investor's Michael Levin, Vinson & Elkins' Lawrence Elbaum, Sustainable Governance Partners' Jessica Strine, William Blair's Christina Bresani, and Alliance Advisors' Emmanuelle Palikuca, FT's Dan McCrum, and Willis Tower Watson's Heather Marshall and Kenneth Kuk. Want to hear a guest on the show? We have put together a quick survey for you to tell us how we can improve our offering.
With about 3 billion views on his channel, YouTuber Mark Rober is onto something with his science and engineering videos for kids. He explains the geek hidden in the goofy, and why subscribers–kids and adults–keep on clicking. Rober shares how he brings his NASA engineering background to kids' education, and one superfan hosts a Q&A with the STEM influencer in a conversation exclusive to Squawk Pod. Becky's son Kyle asks questions like only a dedicated fan can. Plus, after a week of unrest across China, CNBC's Eunice Yoon reports from Beijing that the CCP might consider an exit from its ‘zero-covid' policy. FTX's crumble has yet another casualty: digital lender BlockFi, the latest crypto company to file for bankruptcy. Carson Block, founder of due diligence investment firm Muddy Waters Research, comments on the unstable foundation of leverage in the industry. In this episode:Mark Rober, @MarkRoberCarson Block, @muddywatersreEunice Yoon @onlyyoontvJoe Kernen, @JoeSquawkBecky Quick @BeckyQuickZach Vallese, @zachvallese
Carson Block, the activist short seller, founder of Muddy Waters Capital, and host of Zer0es TV and the Zero F**ks Given podcast, joins Julia La Roche on episode 34. Block rose to prominence over a decade ago by exposing Chinese companies listed in the U.S. that were frauds. He's best known for his 2011 takedown of Sino-Forest, which overstated its timber holdings and ended up filing for bankruptcy, causing big-name investors to lose hundreds of millions. Block is often referred to as an activist short seller because he conducts in-depth research, takes a position, and publicly releases a report explaining his thesis. In the episode, he explained why he prefers the title “investor journalist.” In the episode, Block details his two latest short targets — DLocal, a payments company in Uruguay, and Sunrun, a solar panel company. He also shares why ESG is the 2nd "mass investing delusion" he's witnessed. 0:00 Intro 0:31 Origin story as an activist short-selling 1:45 We were getting lied to all the time 2:35 Law School 3:29 Shorting Chinese stocks 5:45 Conflicts of interest, laziness, and ineptitude in the capital markets 6:55 The Sino-Forest short 9:55 Grifting in the ESG space 13:20 The Sunrun short thesis 19:50 Impact of rising rates 21:18 DLocal short thesis 26:28 DLocal's response 29:40 Block's process for building a short thesis 35:05 “Investor Journalist” 38:20 Why short selling exists 42:45 How short selling is perceived 45:02 The “Tick The Box Apocalypse”
UK Chancellor Jeremy Hunt is set to present his autumn budget in the House of Commons later today. Bank of England governor Andrew Bailey says that recent political and financial turmoil has battered the country's reputation. U.S. markets are in the red following a Christmas warning note from retail giant Target. Federal Reserve governor Christopher Waller indicates that pace of rate hikes may be close to slowing. Tuesday's fatal explosion in eastern Poland has been judged not to have been part of a deliberate attack by Russia. However, European Parliament President Roberta Metsola tells CNBC that pressure on Moscow must be maintained. Singaporean investment titan Temasek writes down its $300m stake in FTX. It says it misplaced trust in CEO Sam Bankman-Fried. Short-seller Carson Block tells this channel that the crypto sector has lost its way.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Muddy Waters founder and famed short-seller Carson Block joins The Exchange exclusively with his newest short position. He also shares his outlook for the crypto industry amid the FTX fallout. Plus, if you're among the many investors dealing with losses in crypto, we've got some strategies on how to minimize your tax bill. And, Deutsche Bank says the “future is bright” for the solar group. The analyst behind that call joins us with her top picks in the space.
Carson Block is one of the world's top short sellers, and one of few still managing a specialist fund. In this interview, Carson explains the business of short selling; the difference between fundamental shorting and his business of shorting and exposing frauds; how he spots these fraudulent companies; where to find frauds; and why it takes Muddy Waters 3 months to launch a short campaign. We discuss the economics of a short fund, why short selling is so much more difficult than long only investing and why Europe is a more difficult area to operate in.
Joe Kernen and Becky Quick are on site at CNBC's 2022 Delivering Alpha Investors Summit, where they interview Muddy Waters CIO Carson Block about his firm's short-selling thesis, his mission to call out fraudulent businesses, and the difference between “fake” and “real” ESG companies. CNBC's Jim Cramer and David Faber join to discuss the Fed's fight against inflation, and global threats to the markets–including Russia's offensive in Ukraine and the Bank of England's big bond buy. Plus, protests, internet blackouts, and violence rock Iran as citizens challenge the country's morality police. Senior Fellow at the Carnegie Endowment for International Peace Middle East Program Karim Sadjadpour discusses internet access and Elon Musk's Starlink activation in Iran amid the unrest. In this episode:Karim Sadjadpour, @ksadjadpourBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkJim Cramer, @jimcramerDavid Faber, @davidfaberCameron Costa, @CameronCostaNY
The Value Perspective with Bethany McLean We're very excited about our guest this week on the Value Perspective podcast. Bethany McLean is a financial journalist who was contacted by the short seller Jim Chanos when working for Fortune Magazine and advised to look into a company called Enron. Bethany's column entitled ‘Is Enron overpriced?' was published in 2001, starting the unravelling of the company and she went on to write a book entitled The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron. She is also author of the titles Shaky Ground: The Strange Saga of the US Mortgage Giants, All the Devils are Here: The Hidden History of the Financial Crisis, and Saudi America: The Truth About Fracking and How It's Changing the World. Bethany has also been working at Vanity Fair as a contributor for over a decade now and has pretty much covered all of the famous corporate frauds for the last twenty years. Her background is as a mathematician and she started her career at Goldman Sachs as part of their M&A department. Our conversation references a previous Value Perspective podcast with Carson Block, exploring the nature of the people who are committing these frauds; the difference between the visionary and the fraudster; what is needed on the other side of the ledger to uncover these frauds and withstand the pressure from believers; and finally the role of short sellers in today's markets. Please enjoy. NEW EPISODES: We release main series episodes every two weeks on Mondays. You can subscribe via Podbean or use this feed URL (https://tvpschroders.podbean.com/feed.xml) in Apple Podcasts, Spotify, Google Podcasts and other podcast players. GET IN TOUCH: send us a tweet: @TheValueTeam Important information. This podcast is for investment professionals only. This information is not an offer, solicitation or recommendation to buy or sell any financial instrument or to adopt any investment strategy. Any data has been sourced by us and is provided without any warranties of any kind. It should be independently verified before further publication or use. Third party data is owned or licenced by the data provider and may not be reproduced, extracted or used for any other purpose without the data provider's consent. Neither we, nor the data provider, will have any liability in connection with the third party data. Reliance should not be placed on any views or information in the material when taking individual investment and/or strategic decisions. Any references to securities, sectors, regions and/or countries are for illustrative purposes only. The views and opinions contained herein are those of individual to whom they are attributed, and may not necessarily represent views expressed or reflected in other communications, strategies or funds. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall. Past Performance is not a guide to future performance and may not be repeated. The forecasts included should not be relied upon, are not guaranteed and are provided only as at the date of issue. Our forecasts are based on our own assumptions which may change.
Activist short-seller Dan David, the founder of Wolfpack Research and host of the “I Hung Up On Warren Buffett” podcast, joins Julia La Roche on today's episode. Dan is best known for uncovering frauds in Chinese companies listed on U.S. exchanges. In this episode, Julia and Dan discuss his journey from being a long-only investor to an activist short-seller exposing frauds. Dan delves into his process of uncovering fraudulent companies, from deploying a tea salesperson to inquire how many employees were at a plant to posting video cameras to monitor truck traffic. Dan also details the involvement of the U.S. banks and law firms in these frauds that impacted millions of everyday Americans' retirement and investment accounts. Dan, who has been sued for $250 million, breaks the merits of short-selling and the importance of Freedom of Speech. He also shares what he's focused on today. 0:00 Intro/ journey into short-selling 3:55 Carson Block's Orient Paper short report 5:22 The pervasiveness of Chinese stock frauds 7:28 How U.S. banks, law firms enabled stock fraud 9:30 Why frauds targeted U.S. investors 11:08 U.S. banks involvement 13:31 Thousands of people involved 14:20 How the fraud worked 17:16 An example of uncovering a fraud 22:19 Thoughts on “The China Hustle” film 26:00 Sino-Forest fraud 28:00 Orient Paper 30:40 Why we “won this round” 33:10 Sohn Conference in Hong Kong 35:50 U.S./China geopolitical tensions 40:30 Short-selling 46:00 Freedom of Speech 49:22 Hanging up on Buffett 56:12 Opportunities today
The bearish hedge fund manager chats with Financial News' Deputy Editor Trista Kelley about how he plays these wobbly markets, and how to spot a market dud to sell short.
With stocks correcting, how do you properly bet on further declines by shorting?Don't forget to like, share, and subscribe!Check The Lead-Lag Report on your favorite social networks.Twitter: https://twitter.com/leadlagreportYouTube: https://www.youtube.com/c/theleadlagreportFacebook: https://www.facebook.com/leadlagreportInstagram: https://instagram.com/leadlagreportSign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.See disclosures for The Lead-Lag Report here: The Lead-Lag Report (leadlagreport.com)
Carson Block is the investor and founder of Muddy Waters, an American appraisal-based private investment firm that conducts investigative research on public companies. Muddy Waters is named after a Chinese proverb “muddy waters makes it easy to catch fish”. The firm is known for exposing accounting problems and fraud at several companies in China, Europe, Canada and the United States. Block regularly appears as a commentator on Bloomberg Television, CNBC and BBC. He also has written some articles for the Wall Street Journal, Financial Times and The New York Times on various topics related to improving corporate governance and market transparency. Let's listen to this Vietnam Innovators episode and join our host Hao Tran to learn more about his business model! Listen to this episode on YouTube.And explore many amazing articles at the website vietcetera.com. A big thanks to our sponsor Jio Health for making this episode of Vietnam Innovators possible. With a comprehensive healthcare ecosystem, Jio Health integrates technology to optimize the examination experience for their customers. The Jio Smart Clinic provides a multi-specialty clinic experience with a team of elite doctors and cutting-edge technologies. With the Series B investment of up to 20 million USD, Jio Health is coming closer to expanding their Smart Clinics system nationwide.
Bloomberg News Finance Reporter Katherine Doherty discusses Bank of America earnings and the bank facing a $200 million fine related to a US probe into the use of unapproved personal devices. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Economics Editor Ben Holland share the details of Ben's Businessweek Magazine story The US Is Exporting Inflation, and Fed Hikes Will Make It Worse. Bloomberg News U.S. Legal News Team Leader Katia Porzecanski talks about her profile of short seller Carson Block. And we Drive to the Close with Chris Zaccarelli, Chief Investment Officer at Independent Advisor Alliance. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.
Bloomberg News Finance Reporter Katherine Doherty discusses Bank of America earnings and the bank facing a $200 million fine related to a US probe into the use of unapproved personal devices. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Economics Editor Ben Holland share the details of Ben's Businessweek Magazine story The US Is Exporting Inflation, and Fed Hikes Will Make It Worse. Bloomberg News U.S. Legal News Team Leader Katia Porzecanski talks about her profile of short seller Carson Block. And we Drive to the Close with Chris Zaccarelli, Chief Investment Officer at Independent Advisor Alliance.Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.
The major averages fell in another choppy day on Wall Street, losing momentum in the final hour of trading, with the tech-heavy Nasdaq seeing the sharpest pullback. Eric Jackson from EMJ Capital makes the case for owning some growth tech names, and lists his favorites. Investor Carson Block joins to outline his new ESG-focused short idea. And Lightspeed partner Bejul Somaia discusses the state of the VC industry amid news a big down-round from fintech company Klarna.
Carson Block, founder of Muddy Waters Research, joins us this week on the Value Perspective podcast to discuss the contentious topic of short selling. Short selling is an investment or trading strategy that speculates on the decline in a stock or other security's price. Carson takes an activist approach to short selling that's founded on exposing fraudulent practices in publicly traded companies. This challenges the view that short selling, by its nature, is an exploitative practice. We talk to Carson about the probabilistic thinking and psychological framework needed by a contrarian investor as well as the cross disciplinary collaboration that lies behind exposing unethical financial practices. Enjoy! NEW EPISODES: We release main series episodes every two weeks on Mondays. You can subscribe via Podbean or use this feed URL (https://tvpschroders.podbean.com/feed.xml) in Apple Podcasts, Spotify, Google Podcasts and other podcast players. GET IN TOUCH: send us a tweet: @TheValueTeam Important information. This podcast is for investment professionals only. This information is not an offer, solicitation or recommendation to buy or sell any financial instrument or to adopt any investment strategy. Any data has been sourced by us and is provided without any warranties of any kind. It should be independently verified before further publication or use. Third party data is owned or licenced by the data provider and may not be reproduced, extracted or used for any other purpose without the data provider's consent. Neither we, nor the data provider, will have any liability in connection with the third party data. Reliance should not be placed on any views or information in the material when taking individual investment and/or strategic decisions. Any references to securities, sectors, regions and/or countries are for illustrative purposes only. The views and opinions contained herein are those of individual to whom they are attributed, and may not necessarily represent views expressed or reflected in other communications, strategies or funds. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall. Past Performance is not a guide to future performance and may not be repeated. The forecasts included should not be relied upon, are not guaranteed and are provided only as at the date of issue. Our forecasts are based on our own assumptions which may change
Here's a full-length episode from Real Vision's new original series, My Life in 4 Trades - be sure to subscribe. Carson Block joins Maggie Lake to discuss how he went from feeling like an outsider to being an insider in the finance community. Carson explains how writing one report unveiling fraudulent activity at a publicly-traded Chinese company led to the creation of Muddy Waters Research and more. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carson Block joins Maggie Lake to discuss how he went from feeling like an outsider to being an insider in the finance community. Carson explains how writing one report unveiling fraudulent activity at a publicly-traded Chinese company led to the creation of Muddy Waters Research and more. For more on the series, visit My Life in 4 Trades
*This originally aired live on Hedgeye.com as part of our eighth semi-annual Investing Summit on April 13, 2022*This is an exclusive "Hedgeye Investing Summit" interview between Carson Block, Founder of Muddy Waters Research, and Hedgeye CEO Keith McCullough.To watch other "Hedgeye Investing Summit" interviews, click here.Watch Real Conversations LIVE and get other great video investing content here
Carson Block of Muddy Waters Research joins Kieran Poole to discuss how he researches a target company for a short report, the Federal Reserve's increase in interest rates, the Department of Justice's probe into short selling tactics, and lessons he has learned from campaigns that did not go as planned. Plus, why he believes enjoying South Park is integral to his success. Want a guest interview or topic discussed? Tell us here. View all of the products offered by Insightia by visiting our website and follow us on Twitter and LinkedIn.
Carson Block and Freddy Brick sit down over an ice cold Smash & Grab IPA. In this week's episode of Zer0 Fucks Given, Carson and Freddy discuss the recent events in Russia and Ukraine, and how that might impact China's vision for Taiwan. Carson provides an insight into the unpleasant realities of short selling, specifically what it's like to be the subject of a major lawsuit. Freddy reminds us that he's still on the hunt for an ICBM, which helps to explain how he fell for Robert Friedland's charisma. An ass watch, Eike Batista, Saudi Arabia, an Indian guru, and Freddy's run-in with the bomb squad… Nothing is off limits in this week's podcast. Watch ‘Zer0 F**ks Given' on Zer0es TV to stay up to date on all the short selling and market developments that matter most.
On today's episode of Forward Guidance, Jack Farley is joined by Carson Block, Investor & Founder of Muddy Waters Research. Known for his role in activist short selling, Carson shares how he began his career in investing, what led him to being an activist short seller & reflects on the past two years of markets in the face of reckless monetary policy. Carson goes on to share the hows and whys of short selling, techniques for identifying fraudulent companies, differences between short selling in China vs the U.S, the role of activist short selling in markets and much more. Carson Block on Twitter @muddywatersre Jack Farley on Twitter @JackFarley96 Blockworks on Twitter @Blockworks_ -- BCB is Europe's leading provider of business accounts and trading services for the digital asset economy. With a dedicated focus on institutional payment services, BCB Group provides business banking, cryptocurrency and foreign exchange market liquidity for some of the world's largest crypto-engaged financial institutions. BCB Business Accounts allow businesses to load fiat currency and cryptocurrencies for payments, operations and trading purposes. BCB's clients can trade FX and cryptocurrencies quickly and at scale, with market-leading value. BCB's BLINC network is the European crypto industry's first instant settlements network and one of the first real-time payment networks of its kind to allow free, real-time transactions across fiat and digital currencies. For more information, please visit https://bcbgroup.com/jack. -- If you like this episode be sure to subscribe to our newsletter at https://blockworks.co/newsletter
In the inaugural episode of Zer0 Fucks Given, Carson Block and Freddy Brick sit down to tell us why short sellers are rarely a happy breed. Whether it's Freddy's height, Carson's recent run-in with Cathie Wood, or the wild theories behind “Shitcos;” Freddy and Carson pull no punches. On a more serious note, Carson discusses the recent geopolitical tensions, the world's response and the acceleration of a paradigm shift that began late last year. In an abrupt pivot, we find ourselves asking; Why is Freddy exploring the idea of putting an ICBM in his back yard? Politicians, Tom Cruise, and 52-beer flights from Australia... It's all included in this week's podcast.
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).
Muddy Waters Capital founder Carson Block talks with Financial News acting editor Trista Kelley about the rise of GameStop and Tesla, shorting China and the boom in SPACs.
Bloomberg Opinion columnist Barry Ritholtz speaks with Carson Block, who is the chief investment officer of Muddy Waters Capital LLC, an activist investment firm with $261 million in assets under management. Block was featured in the book "The Most Dangerous Trade: How Short Sellers Uncover Fraud, Keep Markets Honest, and Make and Lose Billions" and the documentary "The China Hustle," and is the co-author of "Doing Business in China for Dummies."
durée : 00:02:39 - Histoires économiques - C’est une affaire qui remue la place de Paris. L'action Solutions 30, attaquée par l'investisseur Carson Block, a perdu 70%, hier en Bourse. La société ne vaut plus que 3 euros et demande la nomination d'un conciliateur.
The ”I hung up on Warren Buffett” Podcast by Wolfpack Research
In this week's episode, Carson Block and Roddy Boyd (@muddywatersre & @RodBoydILM on Twitter) join the pack for a special forum to discuss private investigator Derrick Snowdy. Derrick has been the topic of recent articles by Institutional Investor Magazine & The Foundation for Financial Journalism. Sit back listen to Dan, Carson, and Roddy as they tell stories and give perspective on the inner workings of some of the top journalists and activist short sellers in the world. https://www.institutionalinvestor.com/article/b1rtgl72qyzdw4/Shadowy-Private-Investigator-Promised-Catalyst-Intel-on-Short-Sellers-But-Came-Up-Short-New-Legal-Documents-Reveal https://ffj-online.org/2021/05/12/danny-guy-derrick-snowdy-and-the-strange-wars-of-confused-men/
Ep #76 - This week on the show, I'm going a bit meta by bringing on the manager of the "Beyond 7 Figures" podcast, Justin Womack, as my featured guest. Justin is a direct-response copywriter, a product launch manager, and the cohost of his own podcast, "Marketing Geeks," where he's interviewed high profile guests like Pat Flynn, Oren Klaff, and short-seller activist Carson Block. Justin specializes in the personal development & business coaching space, where he serves his clients through managing joint venture launches, creating automated and evergreen marketing campaigns, launching podcasts, and helping to dial in their messaging and offers, ultimately growing their bottom lines. Most recently, Justin has worked behind the scenes to manage product launches for clients including John Assaraf, known from the movie "The Secret," and Steve Olsher, the founder and editor-in-chief of "Podcast Magazine." In addition to his work with private clients, Justin is a certified partner with Infusionsoft, a featured Fiverr Pro service provider, and he's recently established a presence and following on the new audio-centric social media platform, Clubhouse. In today's interview, we talk about the emergence of Clubhouse, how businesses can use it as a marketing tool, and why giving value up front is the ultimate strategy to acquire clients for life. Learn More About Justin Womack, "The Marketing Geeks Podcast," and JMack Media: Visit Justin Womack's company website for JMack Media at: https://JMackMedia.com Listen To The Marketing Geeks Podcast on Apple Podcasts at: https://podcasts.apple.com/us/podcast/marketing-geeks/id1401810669 Follow Justin Womack on LinkedIn: https://linkedin.com/in/justinwomack1 Follow Justin Womack on Clubhouse: @justinwomack Also, please remember to subscribe, rate, and leave a written review for the show if you find value in it. Your reviews help this show to reach a wider audience and I appreciate everyone that has been leaving them. FOLLOW CHARLES GAUDET ON SOCIAL MEDIA: Follow Charles Gaudet on LinkedIn: https://linkedin.com/in/charlesgaudet Follow Charles Gaudet on Facebook: https://facebook.com/charlesgaudet Follow Charles Gaudet on Twitter: https://twitter.com/charlesgaudet VISIT THE PREDICTABLE PROFITS WEBSITE: https://PredictableProfits.com
Muddy Waters Research founder Carson Block is our guest. We dive into the history of some of the greatest frauds in years and how he helped to uncover many of these. China is in the spotlight Carson explains the fascinating rise and fall of Orient Paper and Sino-Forest. But the real deal we discuss is how passive investing may be creating a ticking time bomb. The math of how passive investing (ETFs) lever markets and price. We also talk about the benefit of short-selling and how there is still a place for Carson Block is the Chief Investment Officer of Muddy Waters Capital LLC, an activist investment firm. Muddy Waters conducts extensive due diligence based investment research on companies around the globe. Mr. Block is also the founder of Zer0es TV (www.zer0es.tv), an online channel dedicated to short selling related video content. Bloomberg Markets Magazine named Mr. Block as one of the “50 Most Influential in Global Finance” in 2011. The following year, Muddy Waters received the prestigious Boldness in Business Award from the Financial Times. In September 2015, Mr. Block was featured in the book, The Most Dangerous Trade: How Short Sellers Uncover Fraud, Keep Markets Honest, and Make and Lose Billions, by former Bloomberg writer Richard Teitelbaum. He is also featured in the 2018 documentary The China Hustle. Muddy Waters gained fame in 2011 following the publication of its research on Sino-Forest Corp., which exposed the company as a massive fraud. Activist campaigns conducted by Muddy Waters have led to numerous financial restatements by companies, eight de-listings, over $100 million in restitution paid to investors, and over $50 million paid to regulators. Mr. Block appears frequently as a commentator on Bloomberg Television, CNBC and the BBC. He has written op-eds in the Wall Street Journal, Financial Times, and New York Times on various topics related to improving corporate governance and market transparency. Prior to forming Muddy Waters, Mr. Block was an entrepreneur in China and worked as a lawyer in the Shanghai office of the U.S. law firm Jones Day. In 2007, he co-authored Doing Business in China for Dummies, a primer on doing business in China. He holds a B.S. in business from the University of Southern California and a J.D. from the Chicago-Kent College of Law, where he has also served as an adjunct professor. Follow @muddywatersre Follow @andrewhorowitz Financial Advisors - Looking to switch custodians? Check out Interactive Brokers! Learn More at http://www.ibkr.com/ria OurCrowd’s investment professionals leverage their extensive network to review some of the most promising private companies and startups in the world. Today, you can join OurCrowd’s investment in Future Family — Future Family is a category-leading platform combining fintech and digital health to provide affordable, personalized fertility care. Check it out at http://www.ourcrowd.com/tdi Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (OSTK), (GSX), (YY), (NNOX)
The lowest 2021 S&P 500 large bank price target is 3800, which is essentially where we are. In 12 of the last 15 years, the consensus end of year S&P 500 price target has been overestimated. Being bullish is good for business and a safe choice for analysts when everyone is following the herd. We discuss this in our latest episode. We also take a look at the valuation of the market which is at levels hard to justify even in this low rate environment. We discuss Jeremy Grantham's piece from early January about the nature of bubbles, and why he believes we are in a bonafide bubble at the moment. Finally, we answer a listener question about what to do with the cash that you want to use to buy a house in a few years. Articles Discussed Wall Street analysts make a big S&P 500 call for 2021. Market history says ignore them Goldman says the bull market is still in the early stages, gives six trades to play it Short seller Carson Block says rolling bubbles that keep popping up show fragility of stock market WAITING FOR THE LAST DANCE
Recently day traders organising themselves on social media website Reddit united to drive up the shares of video-game store GameStop by around 400%. Short-sellers were estimated to have lost about $19bn on GameStop. Carson Block is a short-seller, investor and the founder of Muddy Waters Research speaks to BizNews partner Bloomberg about what he thinks has been going on in the markets. Block told editor at large Erik Schatzker He suspects hedge fund ‘co-orination’ over GameStop.
Recently day traders organising themselves on social media website Reddit united to drive up the shares of video-game store GameStop by around 400%. Short-sellers were estimated to have lost about $19bn on GameStop. Carson Block is a short-seller, investor and the founder of Muddy Waters Research speaks to BizNews partner Bloomberg about what he thinks has been going on in the markets. Block told editor at large Erik Schatzker He suspects hedge fund ‘co-orination’ over GameStop.
Carson Block, CIO of Muddy Waters Capital LLC, joins Real Vision managing editor Ed Harrison to discuss the different forms that financial fraud can take in the corporate world, what happened with GameStop last week, and how changing market structure makes activist short selling increasingly more difficult. Block distinguishes between two types of fraud that corporations can commit—legal fraud and intellectual fraud—and explains how insidious and corrosive the latter type is for companies. Harrison and Block then consider why these companies committing intellectual fraud are not being held accountable and how that leads to decaying faith in public institutions. Block also provides his perspective on the short squeeze in GameStop from last week, exploring how initially a smart retail trade morphed into a different sort of animal. He touches on the financial plumbing occurring behind the scenes and whether it truly is efficient or not, and he shares how he sizes positions for shorts, the growing challenges activist short-sellers face, and his experience while investigating American Tower in 2013. Learn more about your ad choices. Visit megaphone.fm/adchoices
Muddy Waters shorted stocks like health provider NMC and forest plantation group Sino-Forest, aiding their collapse. But founder Carson Block tells Dasha Afanasieva he almost quit due to the stress of facing a criminal investigation. For him, politics may be an alternative path. See acast.com/privacy for privacy and opt-out information.
**This originally aired as a video webcast live on Hedgeye.com on October 14, 2020**This is an exclusive "Hedgeye Investing Summit" interview between short seller Carson Block, Founder of Muddy Waters, and Hedgeye CEO Keith McCullough.
Carson Block at Muddy Waters Research on betting against stocks. Plus, Jack discusses the outlook for value stocks.
Today’s guest is Soren Aandahl, founder and chief investment officer at Blue Orca Capital, based in Austin, Texas. Soren is a short activist investor who specializes in deep dive due diligence. He’s a recognized star in the short activist universe and was previously CIO at Glaucus Investments, which was named the 2016 Short Activist of the Year by Activist Insight Magazine. He’s incredibly thoughtful about his craft as an investor and his passion for short activism shined through in our conversation. We talked about the colorful tale of Quintis, a one-time high-flying Australian company that his research revealed to be largely worthless. If you would like notes from today’s episode, please subscribe to our free newsletter. I hope you enjoy this conversation as much as I did and feel free to email info@investingindepth.com with feedback. You can follow Blue Orca Capital on their web site and Twitter. 2:10 Soren’s journey to becoming an investor: An aspiring federal prosecutor turned activist short seller. 4:29 Quintis is an Australia-based manager of commercial Indian sandalwood plantations. Their business requires planting trees and cultivating them for 15-20 years before harvesting and generating cash. 6:28 Quintis hit Soren’s radar screen after they sued a sell side analyst who had written a private note to his clients advising them not to invest in the company. “As a general rule, as a short seller, you look in the world and you say that great companies don’t really care if you criticize them. They know that in the long run that they’re right. It just kind of brushes off their shoulder. But companies with something to hide get incredibly prickly and defensive when you criticize them or when anyone says something that contradicts their world view…. Our spider senses just went up right away and we said these guys have something to hide.” 8:42 Digging into a potential short selling opportunity: unpacking disclosures and financial statements. Red flags included deploying an unusual financial structure for fundraising, non-cash profits based on revaluations of assets, and a high amount of debt (i.e., almost half of EBITDA went to servicing debt each year). 13:42 The first big break: Comparing financials against what Quintis marketing materials told investors. Quintis was promising investors dividends after two years and full payback after seven years even though their trees 15-20 years to mature and generate revenue. “That immediately jumped out to us as like a hallmark of Ponzi-like behavior.” Fun fact: Ponzi schemes are named after Charles Ponzi, a 1920s-era swindler based in Boston whose history Mitchel Zuckoff details in the book Ponzi’s Scheme. 17:17 An analogy to Enron where “The problem wasn’t necessarily the mark to market accounting, it was the abuse of the market to market accounting…. what Jim Chanos called mark to model accounting…. Enron’s scam was taking incredibly difficult to value assets for which there was not only no determinable spot price but they took 15-20 years to come to fruition, recognizing the revenue upfront but also revaluing those assets every year to get non-cash profits.” Quintis likewise was generating non-cash paper profits based on increases in the value of its maturing sandalwood trees where it had wide discretion in the value that it attributed to these assets. 20:50 The “detective moment.” Quintis set the value that it attributed to its assets by relying on price projections from a broker who was an undisclosed stock promoter for their company. 24:56 Soren’s investing superpower: “There is no substitute for doing the hard work and doing the grind…. The best short ideas are the ones that in retrospect look so obvious…. You earn the luck of finding that… by grinding through the filings and the footnotes and chasing down 30 leads before the 31st one is your eureka moment.” 26:21 Discovering that Quintis bid up prices for sandalwood at occasional auctions, which had the effect of bolstering the value that it could attribute to its sandalwood tree assets. 30:20 “The final element”: tracking down the primary customer that Quintis claimed as generating over half of its sales and learning that they appeared to be largely a fake company. 38:50 A primer on how short selling works. “You’re selling the stock today with the hope that you will buy it back later at a lower price because it will decline…. you don’t have the shares, you receive the cash [for selling the shares], but you need to pay interest because you need to borrow them from someone who has the shares.... In shorting you call that negative rebate. Think of it as the interest rate that you pay to borrow the shares while you have your position…. The interest rate fluctuates wildly and there’s no real centralized market for the borrow fee… it’s set by the brokers…. The hard part about shorting is that while your position is on, you are paying the interest to borrow the shares and so that’s going to eat into your eventual economic profits should you generate any.” 41:00 How Soren thought about taking a public activist position. 53:08 Considerations when sizing short position: borrow availability and short interest as a percentage of float (i.e., whether it is a “crowded” short). 54:14 Exiting the short. “Oftentimes as investors, the easier decision is ‘I know this is the time to enter into this investment’ and… the much harder decision is ‘when do I exit.’” 55:38 Recommended reading The Smartest Guys in the Room by Bethany McLean on the Enron scandal. “There really is nothing different… a lot of the things we’ve seen, especially in the markets, we’ve seen before” and this classic provides insight not only on how “these schemes work, but how they’re perpetuated and how they convince so many people” Muddy Waters Research posts by Carson Block (web and Twitter) Wolfpack Research posts by Dan David (web and Twitter) No Mercy / No Malice newsletter by Scott Galloway Economist for breadth and “expanding your touchpoints into areas you wouldn’t have even considered” Soren was humble in not mentioning his own short reports, but there are dozens available on Blue Orca’s web site and they make for terrific reading. The Quintis report is here. Note: This podcast is for educational purposes only and nothing here constitutes a recommendation or offer.
The ”I hung up on Warren Buffett” Podcast by Wolfpack Research
This week The Pack is joined by special guest Carson Block to discuss the fallout from the Hindenburg Research Short Report.
Ep #116 - This week on the Marketing Geeks Podcast, hosts Justin Womack and Andros Sturgeon are joined by Carson Block, an infamous and world renowned activist short-seller who has been featured on major media outlets like CNBC, Bloomberg, Business Insider, etc, and highlighted in the hit documentary movie “The China Hustle.” Carson Block is known for documenting and alleging fraudulent accounting practices in publicly traded Chinese companies. In this interview, we explore his journey from international entrepreneur to "FEARED" and respected short seller. ALSO... Check out Ep #106 as well where we sat down with Dan David, the narrator and main protagonist of 'The China Hustle' film. Carson Block is the founder and Chief Investment Officer of Muddy Waters Capital, LLC, which is a manager of private funds focused on activist investing. He was named to the Bloomberg BusinessWeek “50 Most Influential in Global Finance” list in 2011. Prior to Muddy Waters, Carson started the first self storage business in Mainland China, co-authored “Doing Business in China for Dummies”, and practiced law with Jones Day in Shanghai, PRC. He was also featured in the book, "The Most Dangerous Trade: How Short Sellers Uncover Fraud, Keep Markets Honest, and Make and Lose Billions," by Richard Teitelbaum, former Bloomberg writer. Learn More About Carson Block and Muddy Waters Capital: Visit the Muddy Waters Website at: https://www.muddywatersresearch.com/ Follow Carson Block (@muddywatersre) on Twitter at: https://twitter.com/muddywatersre More On ‘The China Hustle’ Documentary Film: Watch the film on Hulu at: https://www.hulu.com/movie/the-china-hustle-c53845f0-5822-4309-b1e1-7b4c2b48db4f From the producers of Enron: The Smartest Guys In The Room comes a Wall Street heist story about a still-unfolding financial crime so big, it has the power to affect all of our wallets. Investors on the fringes of the financial world feverishly seek new alternatives for high-return investments in the global markets and have found a goldmine in China. But when one investor discovers a massive web of fraud, everything else is called into question. Jed Rothstein’s documentary rings the alarm on the need for transparency in an increasingly deregulated financial world by following those working to uncover the biggest heist you’ve never heard of. -- Please support the show by subscribing, rating and leaving a written review. We really appreciate receiving written reviews from listeners that enjoy the show and get value from it. Connect & message the Marketing Geeks, Justin Womack and Andros Sturgeon, on LinkedIn: Justin Womack: https://www.linkedin.com/in/justinwomack1/ Andros Sturgeon: https://www.linkedin.com/in/androssturgeon We are looking to feature guest voicemails on the show so please send us your voicemail for consideration. (See bottom of show notes for link to leave voice messages). Want to be a guest on the Marketing Geeks Podcast or suggest someone? Please email us at info@marketinggeekspodcast.com Visit our website www.MarketingGeeksPodcast.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/marketing-geeks/message Support this podcast: https://anchor.fm/marketing-geeks/support
Welcome to the IC Interviews, our new podcast format featuring in depth interviews with the people you need to hear from.Megan Boxall speaks to famed short selling activist Carson Block, whose firm Muddy Waters has exposed some several major corporate fraud and accounting scandals on stock markets around the world. See acast.com/privacy for privacy and opt-out information.
今日聚焦【长五B首飞后,官宣后续中国空间站建设计划】2020年5月5日18时,为我国载人空间站工程研制的长征五号B运载火箭首飞任务取得圆满成功,实现空间站阶段飞行任务首战告捷。专家表示:按计划,我国空间站将于2022年前后完成建造,共规划12次飞行任务。接下来将发射天和核心舱、问天实验舱和梦天实验舱,进行空间站在轨组装建造。 宏观经济 【沪深股市整体分析报告出炉】5月5日,上交所表示,2019年,沪市主板公司全年共实现营业收入37.21万亿元,同比增长9%,约占全国GDP总额近四成;共实现净利润3.19万亿元,同比增长9%。深交所表示,2019年深市公司营业总收入13.3万亿元,同比增长10.2%。净利润6320亿元,同比增长3.4%。深市85.8%的公司实现盈利。今年一季度,深市公司亏损面为33.9%,高于过去三年一季度平均15.2%的水平,有409家公司近三年首亏 【五一假期全国1.15亿人次出游 国内旅游收入475.6亿元】文化和旅游部统计,5月5日,全国接待国内游客1023.1万人次,实现国内旅游收入43.3亿元。5月1-5日,全国共计接待国内游客1.15亿人次,实现国内旅游收入475.6亿元。(中新网) 地产观察 【疫情拉大房企差距,前4月销售几家欢喜几家愁】据克而瑞数据,四月单月,百强房企销售金额达9002.3亿,环比上升17.2%,已较去年同期基本持平。而地产行业的分化正在加剧。前四月,恒大、世茂、金茂、绿城等房企,仍于疫情中实现销售额同比正增长;碧桂园、万科、中海、龙湖,同样表现出抗压性,同比跌幅在行业平均线以内;但中梁、华夏幸福、首创等房企同比跌幅均超四成。部分规模房企处境艰难,小房企生存空间更不容乐观。去年四月,仍在百强榜中的房企如国瑞置业、和昌集团、星河地产、中冶置业、北大资源等,今年已不见踪影。(第一财经) 【湖南郴州市:年内购买新建商品房者奖励契税额的50%】湖南郴州市住建局公告,对购买商品房、门面房、办公用房的,按缴纳契税额的50%对购房人予以奖励,初次购买新建商品房项目地下车位并缴纳契税的,按每个车位1000元的标准给予纳税人奖励。(澎湃) 学区房要凉?【北京率先实施“多校划片”】5月6日起北京适龄儿童将开始采集小学入学信息。今年“幼升小”,除近几年一直明确的过道房、车库房、空挂户等均不得作为入学条件外,城六区更是通过明确“六年一学位”,实施“多校划片”等措施,为“学区房”降温。此外,北京通过集团化办学和学区制改革等方式,扩大优质教育资源覆盖面。(北京日报) 企业动态 涉事投资者内部分歧仍然很大,矛盾主要集中在赔偿标准上。【原油宝投资者:中行承担原油宝负价亏损,赔偿20%保证金】据悉,中行邀请原油宝投资者到网点面谈赔偿问题。中行提出,愿意承担负价亏损并按4月20日晚22:00价格赔偿20%保证金。但部分投资者坚持银行应按4月15日CME发布负油价测试通知时点的价格进行赔偿,一些客户甚至要求赔偿全部本金。据了解,并非所有投资者都收到了银行方面的反馈。知情人士表示,银行可能会让客户签和解协议和保密协议,想要拿到赔偿,投资者需要负保密责任。(券商中国) 【网文作者发起“55断更节”抵制,阅文将开作家恳谈会】5月5日,网文作家集体在微博、知乎等网络平台发起“55断更节”,抵制阅文方面霸权合同,抗议阅文免费政策。对此,阅文集团表示,将在5月6日启动“系列作家恳谈会”,做面对面的调研和沟通。将就商业模式、作家生态以及作家合约等大家关切的问题展开讨论。此外,对于“侵吞去世作家收益”“作者没有著作权”“威胁作者断更后不推荐”、“修改作品更新时间”等说法,阅文集团相关人员表示,均为谣言。(新浪科技) 【14分钟花4万吃鸡小学生获退70%费用,苹果拒退30%分成】此前,媒体报道南京一位小学生“吃鸡”14分钟花掉4万。5月1日,游戏平台主动联系家长,并同意退还70%费用。剩下30%的费用由苹果公司收取的费用,则需另找苹果公司协商。不过苹果方面表示无法退款。从双方的通话录音中可得知,苹果客服在这件事上态度异常坚决,不管给出什么理由或证据都只有一句“不能退款”作为答复。(江苏新闻) 【董明珠透露格力手机近况:虽没销量但不放弃不裁员】董明珠日前表示,目前公司还在继续制造格力手机。别人认为格力做手机失败了,因为没有量,但他们不会放弃制造手机,做手机能带来很多技术延伸。 【金山云据悉将最快在周一启动美国IPO】金山云据悉将最快在周一启动美国IPO,将募资约4亿美元。 【莎莎国际预计本财年亏损5亿-6亿港元】莎莎国际公告称,预计本财政年度亏损5-6亿港元。该数字已计入使用权资产及物业、机器及设备做出相关的计提减值拨备约2.4-3亿港元。公司上年盈利4.71亿港元。 国际视野【浑水创始人预计股市将大跌,因目前估值不合理】浑水创始人Carson Block表示:“股市后市方向应该会是大幅下降”。Block指出,在需求被疫情“压垮”,而且不太可能在短期内恢复之际,很难相信股票市场正在以其当前的估值水平进行交易。他认为这不合情理。据悉,在以史上最快速度跌入熊市之后,美股最近出现了反弹,标普500指数已经较3月低点上涨了约27%。 受疫情影响,美国服装业收入整体下降约52%。【美国知名服装品牌J. Crew申请破产,曾获奥巴马夫人青睐】当地时间5月4日,美国知名服装品牌J. Crew申请破产保护,成为美国疫情爆发以来首家申请破产保护的全国性零售商。J. Crew总部位于纽约,曾受美国第一夫人米歇尔·奥巴马青睐。该公司原本背负着沉重的债务且遭遇销量下滑,新冠疫情使企业面临的困境进一步恶化。(中国日报) 【卖光所有财产?马斯克出售4000万美元豪宅】数日前宣称要变卖大部分财产的特斯拉CEO伊隆·马斯克,周日将他位于加州的两处房产挂牌出售。根据Zillow上的挂牌信息,这两处房产位于贝莱尔地区,均为业主出售,总要价是3950万美元。其中一处房产是已故影星吉恩·怀尔德的故居。 【世界多国认捐80亿美元研发新冠疫苗 美国未参加】CNN报道,5月4日,由欧盟和有关国家共同发起的“应对新冠肺炎疫情国际认捐大会”在线上举行,该活动共募捐到约80亿美元,将用于新冠病毒疫苗的研发,以及新冠肺炎的诊断与治疗。包括中、法、英等多国和国际组织派代表参加了大会,而美国没有参与这次活动。(海外网)
Carson Block of Muddy Waters Research/Capital joins me to talk China's coronavirus numbers, the Fed's reaction to the virus, the U.S. economy, the Luckin Coffee implosion, U.S. politics and more. The QTR Podcast is a completely, 100% listener supported podcast that is always going to be free. YouTube does not let me monetize my videos on the site and the podcast is full time work which will never have ads in the middle of it. If you enjoy the content, please support the QTR Podcast in any or all of the following ways: A small recurring donation via: Patreon: https://www.patreon.com/QTRResearch One time donations can also be sent via:Bitcoin: 3G25NvNbGZsaDfoxTBzRFticKa4LDUeBpkVenmo: @chrisinphiladelphiaPaypal: https://www.paypal.me/qtrresearch You can join my e-mail list here and visit my website at www.quoththeravenresearch.com for all of my content. QTR MERCH is also now available here. You can also follow me on YouTube, Twitter, and Instagram. THANK YOU TO ALL OF MY KIND PATRONS. Please show love to those who support the QTR Podcast: Biggest Patron Donors The Trader's Path - no BS trading service - Twitter: @PLHStock RumorHound.ai - free 14 day trial - Twitter: @RumorHound Sang Lucci Trading - the 3LT playbook - also, the SL Master Course Corvus Gold - http://www.corvusgold.com monero Investors Underground - day trading community - Twitter: @investorslive Chris Boas Ken R Chris Bede - Twitter: @cbede Nicholas Parks Matthew Zimmer J Mintzmyer - Twitter: @mintzmyer Russ Valenti - Twitter: @russellvalenti Creighton Titus Longest Running Supporters Max Mulvihill - Since 2/2018 Kyle Thomas - Since 4/2018 Chris Bede - Since 5/2018 Dariusz Kordonski - Since 5/2018 Chris Gerrard - Since 5/2018 All podcast content is subject to this disclaimer. Chris is not an investment adviser. Listeners should always speak to their personal financial advisers.
Should markets be shut?I dunno, probably not, but some people do think so. The basic argument for shutting markets is that stuff is real bad, but temp... talked yesterdaysort of a trivial onesemi-seriously suggestedchief executive officer of EuronextCarson Block disagreeingCOVID-19: A Global Moratorium for Corporate Bondsthese daysretail brokers’ and wealth managers’ computers crashingtalked yesterdaythe following astonishing paragraphsent another investor letterJamie Gorman is pretty goodthe same performance reviewthis person isgoes in this blankquotetold a worried colleaguehere it is with sciencePart 1Part 2margin callsJunk BondsZero-Coupon Bondhad a good quarterFinancial-Reporting BurdensGive Up Borrowing PowerCorporate InsidersMaduroCharging Bullskip videosubscribe at this linkherethe history of the Spanish Inquisitioninsufficient familiarity with classical allusionsusing haiku
Ryan Kia of Quantium Research creates a picture of NMC Health and Carson Block as two opposites, detailing the entire story of events that unfolded from the day of Muddy Waters Capital's short position to the rise, on the 10th February 2020, of approximately 30% due to assumed bid interest for NMC Health in episode 64 titled, "Carson Block vs NMC Health - The Battle for Disclosure". He also provides two technical based outcomes as a result of the ahead of results coming up in early March. Be sure to sign up to quantiumresearch.co.uk for updates.
Carson Block of Muddy Waters Capital joins me to talk about his new "anti-award" show called the Fidouchies, sending Christmas "gifts" to his counterparties and the state of affairs in China and Hong Kong. The QTR Podcast is a completely, 100% listener supported podcast that is always going to be free. The podcast is full time work, if you enjoy the content, please support the QTR Podcast in any, or all of the following ways: Please make a small recurring donation, which is gratefully accepted at: https://www.patreon.com/QTRResearch Join QTR's GoFundMe effort to stop social media censorship and turn the QTR podcast into a daily M-F show: https://www.gofundme.com/f/qtrpodcast One time donations can also be sent via:Bitcoin: 3G25NvNbGZsaDfoxTBzRFticKa4LDUeBpkVenmo: @chrisinphiladelphiaPaypal: christopher.d.irons@gmail.com THANK YOU TO ALL OF MY KIND PATRONS Please show love to those who support the QTR Podcast. Biggest Patron Donors The Trader's Path - no BS trading service - Twitter: @PLHStock RumorHound.ai - free 14 day trial - Twitter: @RumorHound Sang Lucci Trading - the 3LT playbook - also, the SL Master Course Corvus Gold - http://www.corvusgold.com "Piggly Wiggly" Investors Underground - day trading community - Twitter: @investorslive Chris Boas Ken R Chris Bede - Twitter: @cbede Nicholas Parks Matthew Zimmer J Mintzmyer - Twitter: @mintzmyer Russ Valenti - Twitter: @russellvalenti Longest Running Supporters Max Mulvihill - Since 2/2018 Kyle Thomas - Since 4/2018 Chris Bede - Since 5/2018 Dariusz Kordonski - Since 5/2018 Chris Gerrard - Since 5/2018 All podcast content is subject to this disclaimer. Chris is not an investment adviser. Listeners should always speak to their personal financial advisers. You can join my e-mail list here and QTR merch is also now available here.
Brother Carson Block of Muddy Waters Capital joins me to talk the life of a short seller on the West Coast, the 2020 Democratic Presidential candidates, why he left San Francisco, how his winery is doing, what he thinks about student debt, why app-ifying everything is a terrible idea, his outlook on macro and a little bit of Tesla. The QTR Podcast is a completely, 100% listener supported podcast that is always going to be free. The podcast is full time work, if you enjoy the content, please support the QTR Podcast in any, or all of the following ways: Please make a small recurring donation, which is gratefully accepted at: https://www.patreon.com/QTRResearch Join QTR's GoFundMe effort to stop social media censorship and turn the QTR podcast into a daily M-F show: https://www.gofundme.com/f/qtrpodcast One time donations can also be sent via:Bitcoin: 3G25NvNbGZsaDfoxTBzRFticKa4LDUeBpkVenmo: @chrisinphiladelphiaPaypal: christopher.d.irons@gmail.com THANK YOU TO ALL OF MY KIND PATRONS Please show love to those who support the QTR Podcast. Biggest Patron Donors The Trader's Path - no BS trading service - Twitter: @PLHStock RumorHound.ai - free 14 day trial - Twitter: @RumorHound Sang Lucci Trading - the 3LT playbook - also, the SL Master Course HeliBacon - shoot machine guns from helicopters in Texas Corvus Gold - http://www.corvusgold.com "Piggly Wiggly" Investors Underground - day trading community - Twitter: @investorslive Chris Boas Ken R Chris Bede - Twitter: @cbede Nicholas Parks Matthew Zimmer Russ Valenti - Twitter: @russellvalenti Longest Running Supporters Max Mulvihill - Since 2/2018 Kyle Thomas - Since 4/2018 Chris Bede - Since 5/2018 Dariusz Kordonski - Since 5/2018 Chris Gerrard - Since 5/2018 All podcast content is subject to this disclaimer. Chris is not an investment adviser. Listeners should always speak to their personal financial advisers.
Rallye, maison-mère de Casino, est dans la tourmente. Sous le coup d’une procédure de sauvegarde depuis fin mai, elle était depuis près de quatre ans dans le viseur du fonds activiste de Carson Block, Muddy Waters. Pierrick Fay et ses invités décryptent la situation dans ce nouvel épisode de La Story, le podcast quotidien d’actualité des « Echos ».La Story est un podcast des « Echos » présenté par Pierrick Fay. Cet épisode a été enregistré en juin 2019 dans les locaux des « Echos » (Paris, 15e). Rédaction en chef : Clémence Lemaistre. Invités : Laurence Boisseau, Isabelle Couet et Philippe Bertrand (journalistes aux « Echos »). Réalisation : Mathias Arrignon et Nicolas Jean. Chargée de production et d’édition : Michèle Warnet. Musique : Théo Boulenger. Identité graphique : Upian. Photo : Shutterstock. Voir Acast.com/privacy pour les informations sur la vie privée et l'opt-out. See acast.com/privacy for privacy and opt-out information.
Carson Block is het enfant terrible van Wall Street. Hij nam de afgelopen jaren talloze beursgenoteerde miljardenbedrijven kritisch onder de loep, publiceerde er vernietigende onderzoeksrapporten over en cashte vervolgens op hun instortende beurskoers. Miljarden dollars verdampten door zijn onthullingen. Follow the Money interviewde de gewiekste shortseller over boekhoudfraude, kruiperige advocatenkantoren, meewerkende accountants en de mislukte deal van FrieslandCampina met diens (voormalige) Chinese partner Huishan. Liever zelf het verhaal lezen? ➪ bit.ly/2W4hAVV Facebook ➪ bit.ly/2CHEj3Y Twitter ➪ bit.ly/2E9Vjft LinkedIn ➪ bit.ly/2lXHCsJ Instagram ➪ bit.ly/2CYoRgU
Carson Block is het enfant terrible van Wall Street. Hij nam de afgelopen jaren talloze beursgenoteerde miljardenbedrijven kritisch onder de loep, publiceerde er vernietigende onderzoeksrapporten over en cashte vervolgens op hun instortende beurskoers. Miljarden dollars verdampten door zijn onthullingen. Follow the Money interviewde de gewiekste shortseller over boekhoudfraude, kruiperige advocatenkantoren, meewerkende accountants en de mislukte deal van FrieslandCampina met diens (voormalige) Chinese partner Huishan. Liever zelf het verhaal lezen? ➪ bit.ly/2W4hAVV Facebook ➪ bit.ly/2CHEj3Y Twitter ➪ bit.ly/2E9Vjft LinkedIn ➪ bit.ly/2lXHCsJ Instagram ➪ bit.ly/2CYoRgU
Joining Pimm Fox and Lisa Abramowicz on Bloomberg Markets AM is Carson Block, Chief Investment Officer, Muddy Waters Capital LLC, discussing China's impact on US capital markets. Also joining Pimm and Lisa is Yie-Hsin Hung CEO, New York Life Investment Management LLC, on the state and future of asset management. We also have David Hunt, President and CEO of PGIM, on investment strategies. And Shira Ovide, Bloomberg Technology Columnist, on the rally in FAAMG stock and how they are at records.
Brainy Thing: 12:30 Behind the Redwood Curtain: 24:42 What we’re learning from our knitting: Catherine likes her Coffee Shop Wrap by Alexandra Tavel https://www.ravelry.com/patterns/library/coffee-shop-wrap (free through Lion Brand Yarns,) but has been yearning for lace knitting. Margaret tries creating a design for an elongated fair isle ornament. The project fails but she learns a lot. https://www.craftsy.com/knitting/classes/fair-isle-holiday-ornaments/497492. It’s Margaret’s design but Sunne Meyer’s ornament pattern. Brainy Thing: Catherine reviews the indie documentary “Beyond Food” http://beyondfoodthemovie.com/. Among other topics the film highlights parkour sports: https://www.artofmanliness.com/2013/07/19/beginners-guide-to-parkour/ A beginner's guide in case anyone wants to take it up! https://www.youtube.com/watch?v=NX7QNWEGcNI Behind the Redwood Curtain: Enjoy the history and the continuing beauty of the city of Eureka with the Eureka Walking Tour https://eurekaparksandrec.wordpress.com/2016/06/29/old-town-walking-tours/. If you want to see photos of the work that was put into the Carson Block: (https://www.northcoastjournal.com/humboldt/witness-marks/Content?oid=3635632 ) Facebook: Also, join our Facebook Group https://www.facebook.com/Teachingyourbraintoknitpodcast/?ref=aymt_homepage_panel Ravelry Group http://www.ravelry.com/groups/teaching-your-brain-to-knit website https://teachingyourbraintoknit.com/ for show notes, photos of our knitting and crochet projects, Behind the Redwood Curtain places and things and anything else we decide to post. Instagram: Margaret Kelso for Margaret and MagicWombat1 for Catherine In Episode 80 of Teaching Your Brain to Knit, The documentary Beyond Food endorses the idea that to improve your brain and your body, you need to find the right approach for you; Catherine identifies herself as a lace knitter for now; Margaret fails at a design for fair isle ornaments but learns a lot; and both podcasters explore Old Town Eureka on a walking tour.
George Gleason, CEO and chairman of Bank of the Ozarks, talks about the bank's growth and high safety standards, defying Carson Block's 2016 SOHN conference short idea. Bloomberg's Gabrielle Coppola discusses the fallout from the U.S.'s new subprime boom: soaring auto defaults. Selina Wang, a technology reporter at Bloomberg, talks about Blue Apron tanking after Amazon filed a trademark application for prepared food kits. Finally, Ann Selzer, president of Selzer & Company, a Des Moines-based public opinion research firm, discusses results of a broad poll on President Trump.
Carson Block, Founder of Muddy Waters Research, single-handedly dismantles fraudulent companies and his research can cause stocks to plummet 90% in market cap. As one of the world's preeminent short-sellers, Carson shares his incredible story and process for identifying fraudulent targets. In 'Things I Got Wrong', Dr. Steve Keen, professor of economics at Kingston University London, fesses up to misjudging the Australian real estate bubble. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carson Block tells the story of his career in finance, the intricacies of life-long learning in capital market, auditing, short selling and doing business in China, and the work of his firm Muddy Waters Research. This event was co-sponsored by the Zicklin Forensic Accounting Association, the Zicklin Graduate Accounting Society, and the Zicklin Center for Corporate Integrity.
Carson Block tells the story of his career in finance, the intricacies of life-long learning in capital market, auditing, short selling and doing business in China, and the work of his firm Muddy Waters Research. This event was co-sponsored by the Zicklin Forensic Accounting Association, the Zicklin Graduate Accounting Society, and the Zicklin Center for Corporate Integrity.
Sino-Forest Corp. has long been heralded as one of the few successes in forestry, but an explosive Muddy Waters report has clouded that record. FP reporters Peter Koven, David Pett and John Shmuel engage in a roundtable discussion on the saga so far, the implications for markets and investors, and what we know so far of the report's mysterious author Carson Block