John Hempton on Spotting Potential Frauds to Short

One of my favorite bloggers who I probably don’t link to often enough is John Hempton of the blog (and fund) Bronte Capital.  John has an excellent post up tonight in which he explains short-selling and nailing frauds for his hedge fund to his young son…

The easiest scammer to find is a repeat offender. We actively seek out people who promote dodgy stocks and who who are repeatedly involved in dodgy companies. The slogan is “once a scumbag, always a scumbag”. That slogan is probably not strictly accurate –  but we only need to be right 90 percent of the time to be fantastic at this business – and the recidivism amongst scammers is surprisingly high.

In that sense long sentences for people like Bernie Ebbers are not in my interest. I would prefer slime-bags to be back-in-business rather than in prison. More opportunities for me.

I totally agree with John, I know a few scumbags from back in the day who are still running around raising money for shady enterprises – without knowing anything about these deals, I can guarantee that the buyers will be completely fucked in the end.

Anyway, read Hempton’s whole post or miss out on a serious knowledge bomb.

Source:

Daddy You Are More Evil Than I Thought (Bronte Capital)

 

What's been said:

Discussions found on the web
  1. Avalon commented on Sep 17

    … [Trackback]

    […] Here you will find 93639 more Information on that Topic: thereformedbroker.com/2012/04/15/john-hempton-on-spotting-potential-frauds-to-short/ […]

  2. Personalised Drink Bottles commented on Sep 19

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2012/04/15/john-hempton-on-spotting-potential-frauds-to-short/ […]

  3. bitcoin era commented on Oct 01

    … [Trackback]

    […] There you can find 41855 more Information on that Topic: thereformedbroker.com/2012/04/15/john-hempton-on-spotting-potential-frauds-to-short/ […]

  4. 안전놀이터 commented on Oct 19

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2012/04/15/john-hempton-on-spotting-potential-frauds-to-short/ […]

  5. cibc online banking commented on Dec 04

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2012/04/15/john-hempton-on-spotting-potential-frauds-to-short/ […]

  6. Face Gaiter commented on Dec 07

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2012/04/15/john-hempton-on-spotting-potential-frauds-to-short/ […]

  7. tìm thêm thông tin commented on Dec 18

    … [Trackback]

    […] Here you can find 5586 more Information on that Topic: thereformedbroker.com/2012/04/15/john-hempton-on-spotting-potential-frauds-to-short/ […]

  8. Harold Jahn Utah commented on Dec 19

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2012/04/15/john-hempton-on-spotting-potential-frauds-to-short/ […]

  9. 토렌트사이트 commented on Dec 19

    … [Trackback]

    […] There you will find 20744 more Info on that Topic: thereformedbroker.com/2012/04/15/john-hempton-on-spotting-potential-frauds-to-short/ […]

  10. patek philippe replica commented on Jan 07

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2012/04/15/john-hempton-on-spotting-potential-frauds-to-short/ […]

  11. Digital transformation agency commented on Jan 16

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2012/04/15/john-hempton-on-spotting-potential-frauds-to-short/ […]

  12. Marijuana For Sale Online commented on Jan 17

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2012/04/15/john-hempton-on-spotting-potential-frauds-to-short/ […]

  13. Philips DCM3155 manuals commented on Jan 21

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2012/04/15/john-hempton-on-spotting-potential-frauds-to-short/ […]