Carson Block on the Short-Selling Market (Podcast)

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 28 May 2021

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

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Summary

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."

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Transcript

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0:00.0	This is Masters in Business with Barry Reynolds on Bloomberg Radio.
0:09.3	This week on the podcast, oh I have an extra special guest.
0:13.2	His name is Carson Block and he is a Choos A Adjective.
0:19.6	Brilliant, revered, notorious short seller.
0:23.8	Say what you will about him.
0:24.8	I find him to be an absolutely fascinating guy.
0:27.9	I am a big fan of short sellers and have interviewed a number of them.
0:32.6	I find they are the ones who uncover fraud in all its guises often when various regulators
0:42.1	are missing it.
0:43.1	So whether we're talking about Jim Chanos or David Einhorn or go down the list of all
0:49.0	the various short sellers, Carson Block clearly joins that pantheon of greatness.
0:56.6	He has uncovered a huge number of frauds.
1:01.4	He talks about how China has allowed all sorts of fraudulent companies to go public and then
1:08.6	the New York Stock Exchange and other US regulators allow these companies that are essentially
1:15.4	shells with nothing really happening going on to be publicly listed in the States where
1:22.6	they manage to effectively steal money from investors and he is absolutely blunt and
1:30.2	vociferous in his criticism.
1:32.8	He has uncovered a number of spectacular frauds that collapsed often to the point of being
1:39.9	delisted publicly.
1:42.4	In other words, they just went bankrupt.
1:44.8	So I found this to be really a fascinating conversation and I think you will also with
1:50.3	no further ado, my conversation with Muddy Waters, Carson Block.
	...

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