In this episode, Steve Eisman interviews Brad Safalow, a seasoned short seller, discussing the intricacies of short selling, market structures, and specific case studies of companies like Freshpet, Trupanion, and Kinsale Insurance. They delve into the criteria for identifying short opportunities, the challenges faced in the current market, and the lessons learned from both successful and unsuccessful shorts. The conversation emphasizes the importance of understanding market dynamics, risk management, and the emotional challenges of short selling.
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Chapters
00:00 Introduction to Short Selling and Market Structure
03:30 The Four P's of Short Selling
06:40 Identifying Short Opportunities: Criteria and Categories
09:20 Case Study: Freshpet - A Short Thesis
18:30 Case Study: Trupanion - Analyzing the Short
22:40 Case Study: Kinsale Insurance - The Cult Stock
34:20 Lessons Learned from Short Selling
Learn more about Brad Safalow here https://www.pleaseactaccordingly.com/
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