Decoded with Ryan Pallotta Marc Cohodes, on his high-stakes take-downs of corrupt CEOs, the importance of focus, and his innovative investment ideas.
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Mar 3, 2022 Marc Cohodes, a renowned investor and short-seller, is known for exposing corporate corruption. In a riveting conversation, he discusses his dramatic takedown of Insys Therapeutics and his unusual start by betting against a pinball machine manufacturer. Cohodes shares insights on the mindset needed for continuous success and the emotional challenges of confronting corporate fraud. He emphasizes the importance of focus in investment strategies and critiques current financial regulations while advocating for increased market accessibility for average investors.
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Early Investments
- Marc Cohodes, from Chicago, was never good at school but was always interested in investments.
- He traded football jerseys, invested in gold, and worked as a runner on the Midwest Options Exchange during high school.
Simple Investments
- Cohodes worked at Northern Trust, making simple investments in companies like Disney, Coca-Cola, and Archer Daniels Midland.
- He identified the growing trend of high-fructose corn syrup and profited from ADM's subsequent growth.
Market Evolution
- Cohodes recalls a time when stock quotes were obtained from newspapers and trades were conducted manually.
- He contrasts this with today's fast-paced, technology-driven market, emphasizing the dramatic changes in information access and trading.