For readers of Money Stuff who haven't paid much attention to the Luckin Coffee controversy yet, this anonymous white paper makes fascinating reading.https://twitter.com/muddywatersre/status/1223274746017722371 …
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(It's a bit more complicated than "paid for accuracy" because markets are complex and you have to be *much* more accurate than the current market consensus *and also* good at the mechanics of putting on the short to have sufficient profits to cover costs of the operation.)
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(Which is one reason why it's much, much more attractive as a short seller to say "Oh I think that multi-billion dollar enterprise is a straight up fraud and that all senior management is going to jail" than "Wow the consensus overvalues same store sales growth by ~10%.")
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