Marc Cohodes: "The Stock Market is Not A Game"
Real Vision: Finance & Investing
Real Vision
4.1 • 1.1K Ratings
🗓️ 7 February 2021
⏱️ 64 minutes
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| 0:00.0 | Hi, I'm Jason Buck from the Mutiny Fund and it's my distinct pleasure to sit down with |
| 0:15.4 | legendary trader Mark Cajotis. Now, I thought they were originally going to get us together. So, |
| 0:19.0 | Mark and I could talk about heirloom chicken breeds, molting season and rotational grazing |
| 0:24.5 | with your chicken farm. But unfortunately, a lot's gone on in the last week and we have a lot |
| 0:28.8 | to talk about and break down and we're going to talk from, you know, topically what's going on |
| 0:32.8 | and we want to deep dive into kind of the nuance of what's been going on in the markets with this |
| 0:36.8 | Wall Street back, GameStop, Robin Hood and everything's been going on in the markets. |
| 0:41.0 | But I want to start maybe with Mark a little bit about your career as a short seller and maybe part |
| 0:45.3 | of that as you can delineate what's the difference between an actual short seller and a long short |
| 0:49.7 | hedge fund. Well, first of all, thanks for having me. I don't want to get too concentrated people |
| 0:58.0 | think that I'm a promoter or this and the other but this is a complex, complex issue and I think |
| 1:04.5 | it's very important. Everyone's entitled to their opinion but I think it's important to get the facts |
| 1:09.6 | right. So, to your point, I've been at this since 1982. I go after bad people, bad companies, |
| 1:22.6 | frauds, criminals, things like that and there are very, very, very few people left on the planet |
| 1:29.3 | who do this and not only does it serve a purpose, let's use my friend Jim Carothers as an example. He |
| 1:39.2 | single-handedly exposed incess which is that fentanyl selling drug company where the main guys |
| 1:47.7 | are going to go to prison which killed tens of thousands of people and if not for his work, |
| 1:54.6 | others would not have never picked it up and the company could still be doing what they're doing. |
| 2:00.8 | I don't know how much Carothers in his fund made or lost on incess but he served society a |
| 2:09.5 | greater good. The same thing with the people who exposed the money laundering fraud of wirecard. |
| 2:16.1 | My friend Frazier Perry ended up in someone's trunk. I mean, he's lucky they didn't kill him |
| 2:22.0 | and whether it's me exposing AI farm over the years or others exposing valiant or concordia |
... |
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