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Monetary Matters with Jack Farley
To Zero and Beyond | Building Muddy Waters Capital with Carson Block | Other People's Money with Max Wiethe
Oct 29, 2024
Carson Block, Founder and CIO of Muddy Waters Capital, shares insights from his journey in activist short selling and the challenges of managing a hedge fund. He discusses the complexities of fundraising, the importance of investor relationships, and navigating regulatory hurdles. Block also explores new investment strategies in emerging markets like Vietnam, particularly in light of shifting global dynamics post-COVID. Plus, he highlights the critical role of cybersecurity in maintaining investor trust and firm integrity.
01:34:18
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Quick takeaways
- Carson Block's transition from long-side investing to short selling was driven by his disillusionment with deceptive corporate practices, particularly in Chinese companies.
- Muddy Waters Capital's unique activist short selling strategy combines thorough research and operational rigor, establishing the firm as a leader in uncovering corporate fraud.
Deep dives
The Shift to Short Selling
Carson Block discusses his transition from long-side investing to short selling, a decision rooted in his early career experiences with fraudulent companies. His disillusionment with the honesty of company management led him to law school, which then fostered his critical skepticism of investments, particularly in China. This skepticism ultimately set the stage for his first major short selling revelation when he investigated Orient Paper, uncovering significant discrepancies between reported and actual revenues. The impact of this report cemented his reputation in the financial world and propelled him towards building a business focused on uncovering corporate fraud.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode