Business
This episode contains the following (rough timestamps included);0.30 How Ian got a job at Kerrisdale5.00 Short-selling as a generalist7.30 What would he do more of if he stared all over again9.00 Sourcing short ideas through looking for longs13.00 What is the advantage of smaller short-sellers17.00 Timing and crowded trades18.00 Best and worst trade – Argentina24.30 Research focus and Twitter25.55 Shorting Solar in 201928.20 Shorting boring consumer stocks32.00 Ian’s current favourite short sector35.00 Gamestop and other ‘perennial long ideas’37.00 Timing in retail40.00 Antero Resource short46.30 Sourcing of ideas - Strange financing arrangements49.30 Blue Apron short53.00 Shorting fads – bitcoin example57.00 Accounting red flags – Adjusting EBITDA60.00 Ian’s favourite accounting gimmick62.00 Ian’s favourite fraud story64.00 Downside of being a perma-bear and short-only66.00 How this reflects in the short-selling funds68.00 US/Europe Governments reaction70.00 Positing a big short – financial crisisBelow you can find tickers of companies we discussed and are still trading;Antero Resource (AR)Blue Apron (APRN)Gamestop (GME)Procter & Gamble (PG)Sunrun (RUN)Vivint Solar (VSLR)Church & Dwight (CHD)Tesla (TSLA)Nova Lifestyle (NVFY)Finally here is Ian’s Seeking Alpha profile and Twitter.