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Real Vision: Finance & Investing

Adventures in Finance 10 - Carson Block: Short-selling Legend and Market Vigilante

Real Vision: Finance & Investing

Real Vision

Business, Business News, News, Investing

4.21K Ratings

🗓️ 7 April 2017

⏱️ 48 minutes

🧾️ Download transcript

Summary

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 podcastchoices.com/adchoices

Transcript

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0:00.0

Do you know the number one obstacle to financial success? Time or lack of it.

0:08.0

Without enough time you can't learn efficiently, plan effectively, or focus on the right strategies.

0:14.9

That's why Real Vision offers you a simple and efficient way to gain expert knowledge, use time-saving

0:20.6

market tools, and leverage the brain power of our community to help you succeed faster.

0:26.7

Get a taste of financial freedom with our free offer at realvision.com forward slash free.

0:35.0

This week on Adventures in Finance,

0:41.0

we are joined by world-renowned shortseller and founder of Mottie Waters research, Carson Block.

0:46.2

When this man publishes a report, stocks have been known to plummet up to 90%.

0:51.8

We explore the short trade Carson made in China that ultimately

0:56.0

launched him into financial superstardum. The whole moment of releasing the

1:00.4

report from then on had become so surreal. Like I said the stock dropped to the were huge numbers to me and Jim Kramer is talking about it and I mean this was this

1:16.6

happened without warning basically.

1:20.0

Carson rips back the curtain on shorting fraudulent Chinese companies and gives us a glimpse of the exciting and yet dangerous world of short selling. At times employing tactics normally reserved for a spy thriller, Carson and his team of analysts leave no stone

1:34.9

unturned and travel to distant lands to reveal the truth on criminal enterprises.

1:39.8

Yeah, I mean we use some of the same techniques against people who, you know, we believe are criminals.

1:48.1

I felt like I finally found a way to get back at that guy.

1:51.9

The guy who thought, you know who thinks the rules don't apply to him and is going to do whatever he wants.

1:57.0

And in this line of work, making enemies out of powerful and entrenched frauds is simply the cost of doing business.

2:03.4

I mean I was freaked out.

2:04.9

I mean I you know I left China for about five weeks because I wasn't sure that I was safe in

2:10.4

China.

2:11.4

In this week's feature Grant Williams and Raal Pal, the founders of Real Vision,

...

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