Carson Block’s Approach to Spotting Fraud, Cockroaches and Bullshit

Published on
7 December, 2018
Topic
Portfolio Management, China, Macro
Duration
58 minutes
Asset class
Equities

Carson Block’s Approach to Spotting Fraud, Cockroaches and Bullshit

Featuring Carson Block

Famed activist short seller Carson Block pulls no punches as he takes aim at Canada, Jack Ma and the U.S. pharmaceutical industry in this interview with Brian Price. Block, who serves as CIO of Muddy Waters Research, discusses the red flags he looks for when hunting for fraud, and reveals which companies are currently on his radar. Carson also touches on how his line of work has led to both tremendous success and death threats. Filmed December 4, 2018 in New York.

Published on
7 December, 2018
Topic
Portfolio Management, China, Macro
Duration
58 minutes
Asset class
Equities
Rating
31
Sharing

Comments

  • DY

    Damian Y.

    12 12 2018 02:59

    0       0

    The first time you had Carson on in 2015 it was a great interview. This is another great interview. Carson is a big man who stands up for what is right. Look forward to seeing Carson back in the future.

  • KE

    Kathryn E.

    11 12 2018 22:41

    0       0

    Great interview and I hope he succeeds on taking the bad actors down.

  • RK

    Robert K.

    11 12 2018 15:15

    0       0

    Amazing stuff. And very important. As the institutional world is wanking off on ESG the same institutions invest in very shady companies in China and indirectly (or directly) support a totalitarian regime.
    Keep up the fight!

  • BL

    Brian L.

    11 12 2018 06:09

    0       0

    Peeling back the onion. Fascinating. Here is a VBLOG on youtube that is very insightful as well about life in China for foreigners. Once one gets past the veneer, it gets dicey.

    https://www.youtube.com/user/churchillcustoms

  • AC

    Andrew C.

    11 12 2018 04:45

    1       0

    Discussion Point: how can China ever 'take over' the (financial) world when rule of law is absent and the frauds go unpunished/unchecked? Will GS or Boeing or Google ever domicile in the PRC? Do such American companies matter? What about the financial leverage the US has?

  • AC

    Andrew C.

    11 12 2018 04:33

    1       0

    Brian, sensational. Congrats on bringing it all out with a fantastic interview. Please up your workload; I am not sure why RVTV persists with those videos with 'written questions' when you (and Grant and Justine and all) are able to entice so much more out of the guests!

  • JV

    John V.

    11 12 2018 02:25

    0       0

    the truth can set us free! thank you Carson! JV

  • RE

    Richard E.

    10 12 2018 19:08

    3       1

    He makes very good points. I believe that his idea of finding a moral compass and calling out investors and activists is interesting; however, it really needs to be done carefully. I don't think we can presume that everyone has the same morals - what is perfectly acceptable in some cultures and minds is not in others. Also, there can be just as much corruption in exposing presumed bad actors as there hiding presumed bad actors. The idea of bringing out facts and having a discussion is interesting. The idea that he is going to call people out if they have a position in something, without a discussion of both sides of the argument, is fraught with potential unintended consequences imho.

  • PF

    P F.

    10 12 2018 17:32

    0       0

    One of the best guests on RV.

    It would be great if you could get him to do a reoccurring series or a course type series on short selling and how to spot a fraud.

  • GL

    Geoffrey L.

    10 12 2018 13:56

    0       0

    I love this guy and I love Muddy Waters. One of the best things about RV is that it peels back the veneer in the finance industry.

    For those of us who have finance backgrounds or are retail investors but are not investment professionals embedded in the belly of the beast, it's hard to see past the opacity. These guys, RV, short sellers, Muddy Waters in particular, they do that for us. It's invaluable.

  • GL

    Geoffrey L.

    10 12 2018 12:31

    0       0

    31:10 - LM friggin AO

    Love this guy

  • AH

    Ahmed H.

    10 12 2018 09:05

    0       0

    great interview. wud've loved to hear his thots on tesla!

  • RP

    Raoul P.

    10 12 2018 08:54

    7       0

    Stunningly good interview and a great job interviewing by Brian.

  • PG

    Philippe G.

    9 12 2018 18:05

    0       1

    Yup...financial services and insurance are very, very "clubby" in Canada. Same for telecommunications.......

  • MM

    Mike M.

    9 12 2018 17:24

    0       1

    Very good, Carson has job security. There are a lot of gamer's out in the financial cess pool.

  • AH

    Andreas H.

    9 12 2018 13:52

    1       0

    love it, that is a shortseller I like

  • EF

    Eric F.

    9 12 2018 09:05

    6       0

    Excellent video. RV are hitting it out of the park every week, often multiple times a week. There’s been some exceptional content recently. To the 19 downvotes (as I write), I can only say you’re in the wrong place (or Chinese?).

  • SM

    Sayit M.

    9 12 2018 03:41

    1       0

    Great Interview. He truly has the insight of how so called Chinese private companies operate. In china, there is nothing called private. Everything is owned by the CCP mafia, period. The whole economy is fraud, even worth, the CCP full of shit and total fraud since day one.

  • GG

    Glenn G.

    9 12 2018 02:05

    11       0

    Love the unfiltered version of Carson Block.......REAL on REAL vision... reminds me of a certain chicken farmer

  • TS

    Thomas S.

    9 12 2018 01:59

    6       1

    LOL. "We tend to think of our friends to the north as a first world country, but." Trudeau and his fellow idiots have taken Canada back to the 3rd world

  • RM

    R M.

    8 12 2018 22:44

    7       0

    This guy is awesome. More please!

  • JO

    James O.

    8 12 2018 20:20

    1       0

    Great interview. It may come to the point where influential missionaries tell the American people that doing business with the PRC is immoral. Currently, the missionaries with the loudest bullhorns are saying we should fear raising the cost of doing business with China (tariffs), despite the IP theft, dumping, and financial crimes outlined in this interview. At some point morality has to have a voice. The moral position is the communist dictatorship of China is evil and supporting China’s communist government in their unethical business dealings is like the sell side analysts supporting immoral companies mentioned in this interview.

    Thank you Real Vision.

  • PC

    Philip C.

    8 12 2018 13:06

    4       0

    Very interesting stuff. It reminds me that its time we had John Hempton back as well.

  • CL

    Chuck L.

    8 12 2018 06:31

    1       0

    Excellent interview; thanks for the short time between interview and publication

  • JD

    John D.

    8 12 2018 05:59

    5       1

    Great Interview... One of Your Best !!!

  • JS

    John S.

    8 12 2018 03:30

    2       1

    Brilliant interview well done RV and CB

  • IV

    Ian V.

    8 12 2018 02:33

    7       0

    “Guanxinated” - speechless.

  • BB

    Benjamin B.

    8 12 2018 01:52

    16       1

    Very insightful interview. If one is going to invest on a moral compass shouldn't McDonald's, Coke and Hershey's also be excluded from long investment? Obesity kills a lot more people than opioids, firearms or alcohol. They also target children with their advertising.

  • HM

    Holland M.

    8 12 2018 01:01

    2       0

    Extraordinary interview!

  • JH

    Jesse H.

    7 12 2018 22:45

    2       1

    Please have Carson on again - fantastic stuff.

  • JH

    Jesse H.

    7 12 2018 22:44

    1       0

    I know that I am not an exception in this regard. Make no mistake, if one has a moral compass, that compass also impacts investment decisions.

  • JH

    Jesse H.

    7 12 2018 22:42

    2       1

    I for one have had an opportunity to invest in a bank tied to investment in coal fired power stations, and chose not to despite the higher returns.

  • JH

    Jesse H.

    7 12 2018 22:41

    3       0

    ...have morals (or are capable of having morals). If we CHOOSE to ignore the moral implications of our investments, then that is our choice. But it is a choice, whether conscious or subconscious.

  • JH

    Jesse H.

    7 12 2018 22:39

    2       0

    This is fascinating - need to watch the last part again. I respectfully disagree that “investing is inherently an amoral activity.” No way - it is done by humans and humans (last time I checked) gave

  • JH

    Jesse H.

    7 12 2018 22:31

    2       1

    Excellent - thanks RV.

  • SS

    Steve S.

    7 12 2018 21:39

    2       0

    Very interesting interview.

  • BY

    Brit Y.

    7 12 2018 21:01

    6       0

    Incredible content. I'm curious what other brave short sellers are out there that I should be listening to.

  • SH

    Steve H.

    7 12 2018 19:40

    9       1

    Mr. Block should run for public office. Seriously.

  • AP

    A P.

    7 12 2018 18:04

    4       0

    Is RV accessible out of China?

    Adding together the Bass interviews, this one and others exposing China, this must come as a shock if one is not aware of what's going on.

  • TB

    Thomas B.

    7 12 2018 17:25

    2       0

    Another great one. Thank you!

  • TT

    Travis T.

    7 12 2018 15:56

    5       9

    I think it's healthy right now to beat up China a little bit. They need to be slapped. They have no respect for America. I can't imagine the US government giving American companies the green light to cheat and scam Chinese companies. The Bretton Woods system is what allows China to be a unified country. They had it easy but not for long.

  • SP

    Sat P.

    7 12 2018 12:03

    4       0

    I have been wanting to see a follow up on frauds since watching the one and only interview on this topic with Harry Markopolos. I have never heard of Carson Block and loved the content and learnt a lot. I loved the decision to warn Fund managers about companies pushing opioids, that was disgraceful and had no idea this is going on. Great work by Real Vision

  • BT

    Brian T.

    7 12 2018 11:59

    1       0

    Cool...here for good!

  • sT

    sid T.

    7 12 2018 11:03

    36       0

    I honestly don't know how you guys manage to surpass yourself everytime. As an aspiring entrepreneur, it's really inspiring. I have been a subscriber for a year now, and I really can't remember how i got my news before. And I have stopped watching the news. THE NEWS

  • Nv

    Nick v.

    7 12 2018 10:56

    4       0

    Fantastic. Thank you

  • YB

    Yuriy B.

    7 12 2018 10:50

    5       0

    Bravo Real Vision! A breath of fresh air.