AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Prime Talks
Marc Cohodes at the 2023 Prime Quadrant Conference | Moderated by Mo Lidsky
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.
42:49
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Short selling requires patience and a strong market instinct, with success hinging on timing and maintaining a clear investment thesis.
- The speaker emphasizes the importance of finding capable leaders in investments, balancing short selling with long strategies for optimized returns.
Deep dives
The Thrill and Challenges of Short Selling
Short selling is a high-risk investment strategy that appeals to those with a strong instinct for market trends, though it comes with substantial challenges. The speaker recalls his early experience in short selling when he and a colleague capitalized on the decline of Bally Manufacturing, leading to a significant profit. However, short selling is often a lonely path; it can lead to hostility from companies and investors alike, and managing a fund focused on shorting can be particularly difficult due to volatile market conditions. The speaker emphasizes that being early to short a stock can be detrimental, and he advises waiting until the right moment to act, which requires patience and a keen understanding of market dynamics.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode