Podcast: A conversation with the legendary short seller Marc Cohodes

Short selling is a tough business. I’d say a billion times harder than being a long only trader or investor. Why? Just ask all the Tesla bears.

Some short sellers go short just to capitalize on the downside. But then there is Marc Cohodes. His driving goal has been to ferret out frauds that are ripping off people and investors and are a blot on the fabric of society.

Just know this, while short selling might look glamorous given the post mortem headlines we read, it is far from the truth. It is enormously and monumentally hard given the pyschological toil, not to forget the cultural disdain they have to put up with.

I’ve been investing for about 10-years. I’m another 50-years away from being a novice at best. Up until I heard this conversation, I had never heard of Marc. In fact, his name doesn’t come up that often compared to the almost mythical status the shorts by Jim Chanos, David Einhorn, George Soros, Stanley Druckenmiller, and others.

But he’s exposed some of the most insidious and disgusting frauds in his time.

In this marathon 3 hour conversation, Marc candidly and in great details talks about his beginnings, his greatest hits, failures and the lessons he learnt. There is a mountain of insights both about investing and life in this conversation.

This is easily among the top 5 things I’ve ever heard in my life. What makes this conversation all the more riveting is the fact that Marc was in his EFK mode. What’s EFK you ask? Listen to fucking find out – I’m not gonna drop spoilers.

Thanks for this conversation Marc.

Posted by Passivefool

A passive investor at present who was actively scammed once. Seduced by the humble beta, preaching to the choir now.

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