Activist Short-Selling: Uncovering Fraud and the Future
Carson Block, CIO of Muddy Waters Capital – an activist short-selling fund, joins Real Vision again to discuss activist short-selling and how he found his way into this niche corner of the financial markets. Block addresses criticisms of short-selling in general, dispels widely held misconceptions about activist shorts, and reveals how he goes about targeting companies to place short bets on. Block shares a few anecdotes from companies he has shorted in the past and reveals his thoughts about what the future of the short-selling industry might be. Block also outlines his thoughts on Tesla, non-GAAP accounting, and why he employs behavioral analysts when executives of companies respond to Muddy Waters’ reports. Filmed on February 11, 2020 in New York.