Marc Cohodes: When Megatrends Collide

Published on
September 4th, 2020
Duration
76 minutes

Mohtashami: Cities Aren’t Dying – Demography & Rates Drive Housing


Marc Cohodes: When Megatrends Collide

The Interview ·
Featuring Marc Cohodes

Published on: September 4th, 2020 • Duration: 76 minutes

Marc Cohodes is well known as a confident and vocal short-seller willing to fight harder and dig deeper into a company than anyone else in the business. But when he sees the buying opportunity of a lifetime, he's just as willing to get to work on the long side and spread the good news. In this interview with Raoul Pal, Cohodes explains why the combination of a booming e-commerce business, the massive call option of tokenization, and the tZERO blockchain network have him extremely bullish on Overstock even after riding the stock from $3 to $90 in its most recent run. As well, they discuss Marc's other "all in" call on Camping World, a company that, much like Overstock, has him licking his chops and continuing to buy alongside insiders who have not stepped out of the market in spite of the general frothiness that abounds. Cohodes also updates viewers on the personal and emotional rollercoaster that has been his MiMedx short. Filmed on September 1, 2020.

Comments

Transcript

  • DP
    D P.
    10 September 2020 @ 18:54
    Beware of the money man generously sharing his stock picks.
    • jt
      john t.
      18 September 2020 @ 19:32
      lol yeah he recommended those two stocks on GW podcast at the lows. made some people semi-rich. cool mf.
  • mi
    mitchell i.
    15 September 2020 @ 14:31
    very entertaining
  • DW
    Daniel W.
    6 September 2020 @ 11:47
    I hope this works out well but I just see "fraud" written all over this tokenization of "everything". I have just posted this on Twitter, imaging a young Tom Brady tokenizing 20% of future income. Years later his team offers him a 500mio contract, is he going to sign it? I think no. Instead he will sign a 1mio contract and his team will make a donation of 499mio to Brady's kids. Or they will give Giselle a 499mio contract for a one day photoshoot. Or... I see endless options how this goes wrong. Who is going to regulate this? We cannot even regulate a couple of thousand listed companies. How are we going to regulate potentially millions of tokens? I see no way.
    • js
      jeffrey s.
      7 September 2020 @ 10:38
      Good points. Tokenisation sounds great at first but something like this has been bugging me for a while. Fraud risk and the impossibility of enforcement covers it nicely. The tokenisation of infrastructure is odd too- so many times I've made value investment play only to have the on-book assets written down later. Can tokenisation prevent this from occurring by separating the valulation or will it be even worse? I don't know. But then again, maybe nobody will care- everyone is looking for a place to put their money and if present stocks are overvalued and bonds aren't attractive maybe this will be it.
    • SG
      Sandy G.
      14 September 2020 @ 18:57
      Excellent point. However, the contracts/deals and tokens will evolve to focus on those deals/assets that are more easily enforced. This still leaves an almost limitless supply of assets and opportunities.
  • EC
    Edward C.
    4 September 2020 @ 19:21
    What was the comment about going separate ways with Grant??!!! I’m behind the times but Grant and Raoul were legends together. Bring back Grant...On the Road!
    • SB
      Stephen B.
      13 September 2020 @ 19:08
      I understand that they were co-founders with joint control and my guess is that they had different visions as to where to take the business.
  • PB
    Pieter B.
    4 September 2020 @ 07:13
    Absolutely brilliant and fascinating conversation! Massive thanks!
    • PB
      Pieter B.
      4 September 2020 @ 07:22
      Raoul you do a fabulous job letting the guests speak 99% of the time!
    • SS
      Shanthi S.
      12 September 2020 @ 08:40
      Raoul is a fantastic interviewer.
  • LS
    Lewis S.
    4 September 2020 @ 10:40
    Am I the only one terrified by the idea of tokenising living human beings?
    • GH
      Gloria H.
      5 September 2020 @ 14:47
      Yeah, I love the narrative of tokenization (I sold my remaining OSTKO just in time to book profits and avoid the drop; still hold some TZERO), but the commodification of a human being smacks of treating persons as chattel and he/they need to stop using that as a talking point.
    • SS
      Shanthi S.
      12 September 2020 @ 08:38
      Nooooo!!!!! Totally agree!!! Rings major alarm bells. A few people owning a team is a very different proposition than millions owning an individual, or at least his most productive years. This obviously wouldn’t stop at sports stars or child prodigies. Potentially the new slavery for this technocratic dystopia in the making.
  • SB
    Shane B.
    12 September 2020 @ 06:27
    Camping World would be wise to acquire HipCamp then.
    • SB
      Shane B.
      12 September 2020 @ 06:33
      For those who don't know, Andreessen Horowitz and JayZ already invested in an rapidly growing AirBnB for camping called HipCamp at $127mm valuation over a year ago. https://techcrunch.com/2019/07/24/hipcamp/ https://techcrunch.com/2020/08/27/after-early-covid-layoffs-hipcamp-is-buying-competition-hiring/
  • dm
    dude m.
    7 September 2020 @ 20:45
    Baby Boomers were supposed to change the world. They grew up spouting 'change' and stop 'the man' in the 60's/70's. Well, they failed. They chased money, political influence and completely made the world a worse place to live, filled with garbage and moral excess. Baby Boomers sold out. And any cursory glance at the state of affairs would affirm that. Thank goodness for people such as Marc Cohodes who held onto his values through such a sh*t storm. Every time I listen to him, I feel that morality is not lost. Never give up, never surrender. Thank you Marc for your convictions. And thank you RealVision for bringing back Marc into the forum in this truly awesome interview!
    • MB
      Michael B.
      9 September 2020 @ 11:04
      Yes for God's sake someone start a Mark Cohodes fan club, I am in
    • JD
      John D.
      12 September 2020 @ 03:25
      Spot on...
  • CG
    Christine G.
    10 September 2020 @ 04:39
    One of the most exciting talk on RV. Get him back.
  • BB
    Ben B.
    10 September 2020 @ 01:53
    Good on you Marc you do have to try. I still can't believe people buy VW's and Audi's. Great to see someone who has the courage to see and tell it as it is. Thanks for a great interview.
  • CK
    Chris K.
    9 September 2020 @ 23:23
    Loving the rawness of this intereview, well done RV.
  • PE
    Paul E.
    9 September 2020 @ 20:38
    Fascinating! Really special!
  • LA
    Linda A.
    9 September 2020 @ 16:11
    Always a treat to hear from u Mark! I love the passion u have for your work AND u have a heart of gold. God bless u in all you do! :)
  • MH
    Michael H.
    9 September 2020 @ 15:39
    What could be the absolute best interview RV has done to date!...I have been following Mark since the Rocker days and his internet shows w Joe Besseker at Emerald when they were debating Iomega. Thank G-d for people like Mark speaking truth to power. Can not believe this got any down votes. Must be from people who had labotomy ????
  • MB
    Michael B.
    9 September 2020 @ 11:01
    I love that guy. You would follow that guy anywhere and just try to keep up. Outstanding interview Raul perhaps the best.
  • GB
    Graeme B.
    7 September 2020 @ 08:09
    Massive respect for Marc on his Overstock call. He’s made a lot of money! As someone working full time in crypto / blockchain, I’m cynical on tZERO though and Overstock’s other blockchain initiatives. Marc seems happy to just hold as he has made a lot already. No downside risk. For anyone thinking of investing from now, if the entire upside potential is based on Overstock’s blockchain businesses, I would be wary. Remember a blockchain is just a distributed database. Other distributed databases have been around for decades, and already run exchanges of all sorts (stock markets, clearing houses etc) around the world. These systems all work a little differently, causing issues when they try to talk to each other. Private blockchains are essentially the same thing. If they are owned and run by one company, they are no better than any other database because each has its own way of doing things. We get a slight improvement if a private blockchain is shared amongst a bunch of participants in the same industry. But all that is doing is getting those participants to agree on and use a standard system. Great, and doesn’t require a blockchain. Blockchains are most useful when they are public and open source. Then they have a future with as much impact as the internet did. So tZERO is the worst kind of “blockchain” – private and single-owned. My thesis is that it is unlikely to gain much traction as other players have little incentive to buy into its way of doing things, and it will have development bottlenecks and funding issues that open source blockchains (e.g. Ethereum) just don't suffer from.
    • NT
      Nicholas T.
      7 September 2020 @ 13:27
      Reminds me of Adobe Flash. Proprietary and Adobe wanting the world to use it. Even though it was fantastic and could be powering the web today, eventually they were forced to abandon it in favour of open source html as the worldwide website building platform.
    • HC
      Henry C.
      8 September 2020 @ 20:56
      how about the value of it as an exchange?
    • DB
      Daniel B.
      9 September 2020 @ 10:20
      tZERO is an exchange (ATS I believe technically) though for digital securities. They are the first of its kind to be compliant. That area of crypto has been slow to capture exuberance. However it's the natural evolution of the space especially considering the wildfire that defi has been. Digital securities and defi are natural bed fellows. Additionally Medici Ventures subsidiary of Overstock is involved in a whole host of public blockchain related entities. RCN (South American Defi Token) , land titling with RVN, blockchain initiatives in Wyoming and more.
  • DB
    Daniel B.
    9 September 2020 @ 10:01
    Medici Ventures and Ravencoin
  • RP
    Ronald P.
    8 September 2020 @ 19:00
    Probably my favorite interview on the platform since joining in March and I've been thoroughly impressed with a lot of the work. The antithesis of Altucher who quite frankly is below your content despite whatever success he's had in life, couldn't care more what Mark has to say and would run through a brick wall for a guy like that if he told me to. Should be calling himself Joe Gibbs
  • mB
    marc B.
    8 September 2020 @ 04:53
    Chooses is a beast. I’m from Marin county & a die hard raider fan. Can’t wait to follow the legend on the exchange!
    • mB
      marc B.
      8 September 2020 @ 04:54
      Cohodes
  • NS
    Nuno S.
    7 September 2020 @ 20:32
    For 46 years I have been around I have never seen anyone that amazed me like Cohodes. Great interview. Thank you very much...
  • AH
    Andrew H.
    4 September 2020 @ 12:35
    I'm half an hour in so maybe this is coming, but nonetheless: once everything is tokenized, who will be the winners and losers in the securitisation of tokens? Who will sell me insurance in case the NFL player I backed gets hit by a bus? Who will bundle the tokens together in risk weighted portfolios? Which are the companies best placed to offer these fintoken services? I'm guessing not the usual suspects but interested to hear ideas
    • RP
      Raoul P. | Founder
      4 September 2020 @ 15:20
      And therein lies another whole set of opportunities!
    • TP
      Timothy P.
      4 September 2020 @ 16:53
      Another question that should be asked is "are there already tokenized assets? Where do they trade?" Just because Overstock has some, doesn't mean they're the only player in town. As for tokenizing celebrities and athletes, sure, but you're running up against the same problem - what exchange, what interest? There's probably betting markets out there right now that solve some of these problems. The token pool has a very long tail of what has been attempted, you just have to search for it. However that "long tail" is exactly why I think one-stop solutions aren't going to be the answer. Decentralized always beats centralized systems in the end.
    • RH
      Ron H.
      4 September 2020 @ 21:27
      There's the tokenization aspect, and the exchange aspect. You can decentralize securities with tokenization, but also decentralize their exchange. Right now, the hot moves are away from centralized exchange and toward decentralized exchange (see the rise of Uniswap). I believe this addresses many problems inherent to counterparty risk.
    • MD
      Matt D.
      4 September 2020 @ 22:35
      Interesting - I've thought a bit about this and am pleased things are more advanced than I realised. A question I have is who actually owns what? Does a token imply partial ownership? So can I own a person (athlete for eg)? Maybe I am missing something about what the token actually represents. Yet with a share/stock you own a part of a company.
    • LS
      Lewis S.
      5 September 2020 @ 01:08
      My question is how do we protect tokenised people from undue influence of their investors?
    • PJ
      Patrick J.
      6 September 2020 @ 08:43
      https://nexusmutual.io/ It already exists, and is currently insuring 64mn USD worth of contracts.
    • GB
      Gary B.
      7 September 2020 @ 17:26
      I love the idea of the Tokenization of the athlete as an example. However, Marc states, you don't have to worry about reporting issues. Well, how do we know what the contract terms are that are signed by the Athlete? I think you get into a regulation issue of required quarterly reporting which is the same as the stock market. Also, what incentive does the athlete have to report accurately? If they take their money upfront on the initial tokenization wouldn't they be incentivized to not report? Obviously there is a lot to consider here, but I agree that this is the future.
  • JJ
    Jules J.
    7 September 2020 @ 06:33
    This interview is amazing, Marc is a courageous Man. So many lessons in this interview, thanks Raoul
  • CW
    Christopher W.
    7 September 2020 @ 04:25
    Cohodes is a god. Needs to have regular programming on RV
  • DK
    Dave K.
    7 September 2020 @ 02:13
    The Feds are protecting Big Pharma and the medicare scam. MiMedix is the teeny little tip of the iceberg.
  • KH
    Kevin H.
    7 September 2020 @ 01:59
    I rarely comment on interviews because i'd only repeat what everyone else has already said. BUT, Marc is awesome! No BS, just says what he thinks. Love it! btw - don't put it on youtube. I want to keep this guy just for us!
    • KH
      Kevin H.
      7 September 2020 @ 02:00
      oh...and great investment ideas!
  • RK
    Robert K.
    4 September 2020 @ 09:34
    What a mensch. I love Marc even after he blocked me on twitter just simply for asking about $NTEC which he pushed some tome ago. Btw still think $NTEC has a good thing going on and will run at some point.
    • DB
      Douglas B.
      4 September 2020 @ 18:15
      $NTEC....stock of the year
    • RV
      R V.
      4 September 2020 @ 20:57
      Yeah right, NTEC, deafening silence from mister Cohodes after that one. Went almost to zero. A bit embarrassing for a 'stock of the year'
    • RV
      R V.
      4 September 2020 @ 21:20
      Wait a minute, you love marc even after he blocked you for just asking him about NTEC and you hope everything will come out just fine ? That rings like some kind of Stockholm syndrome to me..
    • IC
      Ibrahim C.
      5 September 2020 @ 07:17
      I had lost the money invested in this company, however I am nowhere to blaim him; as he was clear to make the point of “doing your own research”. It is always good to believe someone after hearing about wonderful stories, as it is said that hearing is believing”. My learning is to calibrate my beliefs before making such bets going forward!
    • RV
      R V.
      6 September 2020 @ 14:48
      Well that's a bit too easy on him. If a stock goes up ten fold, he comes out a hero and your own research takes a back seat. If a stock goes to zero, it's your own research that gets the full load. He should have said : 'Missed that one.' He chose to go very silent.
  • TS
    Thomas S.
    6 September 2020 @ 14:34
    Raoul, This one should be put on YouTube and well promoted to the public. It would be a service to the world. Corruption is the single worst problem for investing and hurts kills many non-investors Cheers
  • JD
    John D.
    6 September 2020 @ 05:47
    Great Conversation...Overstock and Tzero are the most compelling longs that I have seen on Real Vision since Wences from Xapo pitched Bitcoin at $250 years ago...
  • JD
    John D.
    6 September 2020 @ 05:47
    Great Conversation...Overstock and Tzero are the most compelling longs that I have seen on Real Vision since Wences from Xapo pitched Bitcoin at $250 years ago...
  • DM
    Douglas M.
    6 September 2020 @ 03:39
    Cohodes is right. People need to fight back. Be the hard target.
  • SL
    Steven L.
    5 September 2020 @ 21:50
    Marc Cohodes is an absolute treasure! God bless him and his family!
  • AG
    Andrew G.
    5 September 2020 @ 19:24
    What a gem of an interview. I hope Marc can become a regular.
  • ly
    lena y.
    5 September 2020 @ 19:20
    RV/ Raoul you hit this out of the park!!!
  • DT
    David T.
    5 September 2020 @ 14:42
    Capitalism is broken and there will be consequences.
    • JL
      Jonathan L.
      5 September 2020 @ 18:06
      Read Knowledge and Power by George Gilder. It is governments intervention warping capitalisms incentives that is wrong.
  • JL
    Jonathan L.
    5 September 2020 @ 18:04
    Love the honesty!
  • JH
    Jack H.
    5 September 2020 @ 17:56
    Pure fire 🔥
  • DB
    Daniel B.
    5 September 2020 @ 17:53
    Awesome content!! Please create more videos which analyze individual stocks. Of course everyone still needs to do their home work, but it helps to generate ideas and understand what others look at when making picks.
  • DT
    David T.
    5 September 2020 @ 16:54
    Platforms for Tokenization of Assets https://defiprime.com/assets-tokenization
  • KP
    Kaushal P.
    5 September 2020 @ 16:44
    Should be called Marc Cohones.
  • VR
    Vladimir R.
    5 September 2020 @ 15:10
    Fantastic interview. We are all really lucky to have RealVision. Thanks Raoul and Hugh and all of the founders! Oh... and Ash and Ed too. I look forward to each and every Daily Briefing. :-)
  • TB
    Tobin B.
    5 September 2020 @ 13:56
    Marc thanks for sharing your experiences. It's very heartening to see more and more people waking up to the shams below the surface, and that you are supporting the new canals from the swamp!
  • MS
    Martin S.
    5 September 2020 @ 12:26
    Thought that was a stunning interview.
  • DS
    David S.
    5 September 2020 @ 03:34
    Smart, ballsy down to earth dude! BRING HIM BACK
    • GC
      Gerard C.
      5 September 2020 @ 10:46
      You reckon?
  • JW
    Jay W.
    5 September 2020 @ 06:22
    Free alpha. I like.
  • AC
    Andrew C.
    5 September 2020 @ 06:01
    I am no conspiracy guy, but you gotta start wondering about the future of the US when the FBI and SEC and DoJ don’t chase down these crimes. #BITFD
  • JB
    JANET B.
    5 September 2020 @ 03:24
    Really enjoyed listening to Marc and excellent interview! On show was raw passion - the lesson I take from it, is know thy trades! Thanks for sharing your life work!
  • sh
    steve h.
    5 September 2020 @ 03:13
    Marc keep doing the hard but good work...
  • SR
    Samuel R.
    5 September 2020 @ 02:55
    Wow! I have seen so many great conversations on RealVision... But this is 1,000,000% the best one.... Thanks team for all what you do...
  • RT
    Richard T.
    5 September 2020 @ 01:33
    Marc stay healthy, and live long. You're doing great and vital work. May God bless you
  • CB
    Chris B.
    5 September 2020 @ 01:02
    I love listening to Marc Cohodes; passionate, super intelligent, clear speaker and, as Raoul said; inspiring. I was excited to listen to this and he did not disappoint. Really great job by Raoul in the interview.
  • MB
    Matthew B.
    4 September 2020 @ 23:45
    Patrick Byrne is a lunatic, in the best way possible. It wouldn't be right to leave this conversation without linking to his extraordinary website, https://www.deepcapture.com/
  • MD
    Matt D.
    4 September 2020 @ 23:19
    Loved this interview thanks Raoul and Marc. Every aspect from tokenisation to MiMedx. First time I've heard of or listened to Marc, so much respect for him. Be good to hear the follow-up stories from today.
  • TP
    Timothy P.
    4 September 2020 @ 16:54
    I'd like to know where Grant went off to, I liked his interviews in RV "classic", so I'm a bit disappointed to hear from Marc that he's moved on. Anyone know?
    • TC
      Tor C.
      4 September 2020 @ 18:42
      Things that make you go Hmmm? https://ttmygh.com/
    • AW
      Angela W.
      4 September 2020 @ 19:27
      Grant has his own podcast now called The Grant Williams Show - you can find it on the Podbean app among other places. He just did a series called “The End Game” where he interviewed great minds such as Mike Green, Lacy Hunt, Russell Napier etc.
    • AT
      ALAN T.
      4 September 2020 @ 19:44
      Do a search, he's easy to track down and he's doing a lot of great interviews.
    • TP
      Timothy P.
      4 September 2020 @ 23:14
      Downvotes and snark -- you guys are the best. I guess Nietzsche was right, hell IS other people.
  • RB
    Rahul B.
    4 September 2020 @ 23:06
    I love how emotionally candid Marc is. Excellent interview. Well done Raoul
  • CH
    Claus H.
    4 September 2020 @ 22:53
    Where on earth would you get a video like this other than Real Vision? Wow
  • DM
    David M.
    4 September 2020 @ 22:34
    Marc's conviction on his stocks is truly remarkable.. it's always temping to just go out and buy, just from his levels of conviction. Thanks Marc for coming back and RV for continuing to have him on to update us.
  • sp
    spencer p.
    4 September 2020 @ 22:25
    very happy i heard this interview when i did. ill be looking to add these to my port.
  • AT
    ALAN T.
    4 September 2020 @ 19:45
    Fantastic interview.
  • RN
    Robert N.
    4 September 2020 @ 19:19
    If this the updated Bowie/Pullman bond? https://www.investopedia.com/terms/b/bowie-bond.asp
  • LB
    Lorenzo B.
    4 September 2020 @ 17:33
    Tokenizing Companies would be the nail to the coffin to the Public Company (with widespread shareholders ownership) paradigm, which ironically quite rhymes with the times we are living today. Imagine you tokenize a Public Company. All of a sudden the ability to express voting becomes way more easily available to a large pool of investors who historically have been basically just focused passively on making a profit (passively in terms of their participation into the decision/managing process) Now all you need is some sort of Dave Portnoy or any other appealing instagrammer, youtuber to drive the horde to steer the decision-making process. Ok, someone will probably state that just as a Dave Portnoy can lead a group of shareholders, so can anyone who has the best value-creating ideas which can therefore be more easily available to the mass of shareholders to be scrutinized upon. So my question is: would then be the best Ideas, or the most intringuing and appealing storytelling ending up to win? How has that so far worked in politics? Immagine we were to put each and every technical vote that the Congress takes under the direct scrutinity of mass polls via tokenize system. That's pretty much the next level of democratization of finance, which may sound appealing, but I suspect also bears a lot of negative externalities in a nutshell, the final stage of Financial Populism (which I assert it's what we're already currently living to many extents)
    • JI
      JWD I.
      4 September 2020 @ 18:41
      interesting perspective...appreciate this insight.
  • TM
    Troy M.
    4 September 2020 @ 18:20
    Amazing interview as always. Talking about tokenizing...we are tokenizing risk over at https://BarnBridge.io Check out our whitepaper: https://github.com/BarnBridge/BarnBridge-Whitepaper We are doing something really novel and leading with a DAO first approach. There is no company, we raised all the funds and put it in a DAO.
  • AB
    AJ B.
    4 September 2020 @ 16:32
    To Marc's point about a CNBC alternative, Real Vision does not have to be on all day, but could do a morning show from 7-10 EST and would be a great addition to receive the overnight and morning news.
    • AB
      Alastair B.
      4 September 2020 @ 18:16
      I’d prefer quality over quantity. The current model is fine
  • TP
    Timothy P.
    4 September 2020 @ 16:38
    I respect Marc, his MiMedx story is incredible (You owe it to yourself to see Grants interview with Marc). What I do see regarding crypto is a man that doesn't fully "get it" yet. He does in some ways (tokenization, exchanges) but not in others (proprietary blockchains, centralized token networks). We're in a weird stage in adoption right now, where every invention becomes a hammer seeking its own particularly-shaped nail. Its as if back in the early days of automobiles you had someone obsessed with the idea that cars were great, but horses weren't going to go away either. They would imagine improbable combinations like a horse-carrying automobile that would let the horses rest, then when the car ran out of gas you'd hitch the horses up front and keep going. Technically plausible (barely) but not the most practical or what ultimately happened after the automobile was introduced. That is what is happening now. I like Overstock, but I have no confidence in centralized exchanges in general. In fact, exchanges are just temporary on-ramps at best. You could make some money on one, there's an API out there that allows you to fire up a crypto exchange within a day, but then you have to get the volume and people using it, so I have doubts. The banks have been down the "Blockchain not Bitcoin" route before, and while some proof-of-concept networks have been tested, there hasn't been massive uptake or some new corporate standard that their competitors feel compelled to follow. Again, I'm skeptical of everyone reinventing the wheel. I've been in this space for over 9 years, and you wouldn't believe the constant bullshitting that I've seen from all corners trying to make a buck on this "crypto" thing. As for Camping World, RV sales in general have been through the roof -- but I think its for other reasons than what I'm getting from this interview. The normal-world view is "Hey, rates are low and people want to get out of the house, why not get a RV and explore!" The actual distressed consumer view is "I've lost my job, I have just enough in savings for a down payment on a RV, and they'll approve me because my credit rating hasn't tanked yet. I'll just take a flyer and get the biggest RV I can so I have somewhere to live before I get evicted from my house/condo." Sadly I think the distressed scenario outnumbers the "normal" view driving RV sales growth. This also implies that these customers are a "one off" and any company relying on bumper crops of consumers purchasing more RV's are going to be disappointed. (Look up the "RV blocks" in California where people are living on the streetside.) Great interview, Marc is a unique and principled guy that I'd love to see more of when he's able.
  • DJ
    D J.
    4 September 2020 @ 16:10
    There are much better companies out there. Have made a reasonable ammount of money storting cwh, and disagree respectfully with Mark. They will face rising Costa from USMCA, They will face rising costs from rising aluminium and iron ore with the tariff. Regarding the lifetime value - ITS true They have a good lifetime value of the client, however the that is true for the upside aswell for the downside.
  • BA
    Benjamin A.
    4 September 2020 @ 15:55
    This was a great interview. Maybe my favorite interview yet.
  • TM
    Tommy M.
    4 September 2020 @ 15:46
    Can you provide the document download for this to read please?
  • TG
    Thomas G.
    4 September 2020 @ 15:41
    awesome interview, ive learned so much + definetely looking to buy these stocks once the technicals line up...
  • RK
    Richard K.
    4 September 2020 @ 15:12
    Thank you Marc for all the work you do. You bring integrity and competence to a space that’s sorely lacking in these areas! Long and strong both CWH and OSTK.
  • JM
    John M.
    4 September 2020 @ 15:12
    Fantastic. Marc's passion is absolutely contagious. The real question now for Raoul & Co... When does the RV token drop on tZero!?
  • MD
    Matthew D.
    4 September 2020 @ 14:44
    Marc, thank you so much for what you do. You've chosen a difficult path, but the world is a better place for having you and people like you in it. Fight the good fight. :)
  • JS
    John S.
    4 September 2020 @ 13:54
    Outstanding
  • JS
    John S.
    4 September 2020 @ 13:54
    Outstanding
  • LS
    Lance S.
    4 September 2020 @ 13:36
    it's not Marc Cohodes it's Marc Cohones in my book ---Best to him with gratitude
  • GC
    Gregory C.
    4 September 2020 @ 13:07
    What an interview! WOW
  • DG
    David G.
    4 September 2020 @ 13:00
    "Well if you use the right share count dumbass!" I'm dying here.
  • NO
    Neil O.
    4 September 2020 @ 11:39
    What an honour to hear Marc again. What an incredible man. Inspiring, truly inspiring. Thank you for the interview.
  • JM
    Jeroen M.
    4 September 2020 @ 10:10
    “I was calm this morning and now this mimedx .... “ epic rant and raoul interview style by letting the guest speak was het perfect
  • DF
    David F.
    4 September 2020 @ 09:41
    Raoul, the first interview left me totally mesmerised because I knew so little about shorting and Mark himself is just fascinating. But this just has it all for me. Mark is deep deep into the blockchain and as you discussed with him the fact of being an all-in long investor. There is so little said about individual investing and one's ability to be all in, if you have the risk tolerance. To us the day trading is but noise, but relevant noise at that sometimes. I'm now thinking about your long term bets and those of Mark. They are not dissimilar! Brilliant. Thank you
  • DH
    Darren H.
    4 September 2020 @ 09:24
    There is an Aussie company called brickX that sells units in residential real estate. Is this the same thing that was discussed here you reckon? I agree though the idea of tokenisation is great.
  • SM
    Steve M.
    4 September 2020 @ 08:31
    Do Overstock have a better chance of leading the tokenization world over the pure play crypto ethereum solutions like Synthetix (SNX)?