Tom Barton, White Rock Capital – I Just Thought, Well, This Is The Dumbest Short Of All-Time | #292

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 8 March 2021

⏱️ 97 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode 292, we welcome our guest, Tom Barton, famed-short seller and founder and President of White Rock Capital. In today’s episode, we start with taking a look back at one of Tom’s tweets from September, which said that GameStop was a misunderstood short, and hear why he thought so back then. We also touch on the differences between shorting based on valuation versus because the company is a fraud. Then we turn to what he mostly focuses on these days: biotech and gene-therapy companies. We hear about his brutal two-year experience as an activist and what he learned from the experience. As we wind down, Tom walks us through some companies he likes in the biotech space, and even shares a SPAC that looks attractive to him at the moment. Please enjoy this episode with the White Rock Capital’s Tom Barton. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Medfavor Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser.
0:17.2	Better investing starts here.
0:18.8	Matt Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.3	Did it industry regulations, he will not discuss any of Cambry's funds on this podcast.
0:27.2	All opinions expressed by podcast participants are solely their own opinions and do not reflect the
0:30.8	opinion of Cambria Investment Management or its affiliates.
0:33.4	For more information, visit Cambria Investments.com.
0:35.6	What's up, friends? We have a great episode for you today with one of our all-time favorite
0:44.9	guests. He is the founder and president of White Rock Capital and previously helped
0:49.3	build one of the first multi-billion dollar short-selling hedge funds at Feshbach Brothers, where he exposed dozens of stock
0:56.0	frauds. In today's episode, we start by taking a look back at one of our guest tweets this past fall in September,
1:02.4	which said that GameStop was a misunderstood
1:04.5	short and hear why he thought so back then.
1:07.7	We also touch on the difference between shorting based on valuation versus because the company
1:12.1	is a fraud.
1:13.0	We then turn to what our guests is mostly focused on these days,
1:16.0	investing in early stage biotech and gene therapy companies.
1:20.0	We hear about his brutal two-year experience as an activist and what he learned from that ongoing ordeal.
1:26.0	As we wind down, our guest walks us through some of the companies he likes in the biotech space,
1:30.0	and he even shares a SPAC that looks attracted to him at this moment.
	...

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