The Changing Tide for Short Sellers

In this latest episode of The Short of It, Carson Block and Freddy Brick are joined by Whitney Tilson of Empire Financial Research who shares his insights in being involved in some of the largest short-selling battles of all time. As a former long/short equity manager, Whitney explains how the current landscape might once again be swinging in favor of short-sellers after a challenging macro environment over the past decade. The conversation moves to focus on idea generation and examples of some high-profile shorts, with further discussion around portfolio construction and trade management. The trio also explore the threat of rising rates for structurally unprofitable business models, and where Buffett and Munger got it wrong in overlooking other compelling growth stories.