Short sellers are often painted with a broad brush as trying to profit from the demise of corporations, but a huge percentage of short interest is actually coming from hedgers who are combining short equity positions with long positions in other parts of the capital structure.
Short sellers often go after the worst of the worst, looking for companies and management teams with serious and potentially even criminal issues. This is leaving a massive opportunity set of poorly run but not fraudulent companies untouched by activist short-sellers.
Herb Greenberg is a legendary financial journalist who recently announced that he’s pursuing a career switch to activist short selling. In this candid conversation, Carson and Herb discuss Herb’s transition, including the major pitfalls he’s encountering, particularly around idea generation.
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