I legitimately think one of the most useful things hedge funds do is smell something funny, do research, take a short position, and then publish the research while saying short to zero. Disclaimer: I have a nominal position ($Xk) with exactly the same thesis.https://twitter.com/kerrisdalecap/status/961245516989419520 …
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It all goes back to incentives. Incentives to find real dirt for a short play are huge. Journalists though will optimize for what their readers want to read.
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the logic is a very Muskian first-principles does-this-make-sense kind of thinking. 99% of companies behave and 99% of us have no reason to question basic reporting. But the 1% notice situations when either physics/accounting is wrong, or the company is a fraud.
End of conversation
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