Prime Talks Marc Cohodes at the 2023 Prime Quadrant Conference | Moderated by Mo Lidsky
11 snips
Nov 22, 2023 Marc Cohodes, a prominent short-seller celebrated for uncovering major financial frauds, captivates with his insights at a prestigious investor conference. He discusses the emotional rollercoaster of short selling, the critical importance of timing, and the personal risks involved in exposing corporate misconduct. Cohodes also contrasts short positions with successful long-term investments, shares strategies on current market opportunities like Overstock, and emphasizes the need for independent thinking in the investing landscape.
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Short-Selling Advice
- Avoid being early on a short position, as it can be detrimental.
- Be wary of "thesis creep," where the initial investment story changes, and consider exiting the position.
One-Man Army vs. Large Organizations
- Marc Cohodes, a self-proclaimed "one-man army," has exposed major frauds, often before large organizations.
- These organizations, like the SEC and FBI, often seem to miss what Cohodes catches.
Regulatory Ineffectiveness
- Regulatory bodies may be less effective due to career incentives.
- Employees may prioritize future private sector jobs over aggressive enforcement.