Short-Seller Marc Cohodes Fears for the Future, Systemic Risks Post GameStop

Stansberry Research, Released on 2/19/21

Marc Cohodes of Alder Lane Farm has made a living putting bad people behind bars. In this interview with our Daniela Cambone, he speaks candidly about the true culprits behind the GameStop saga. “The stock market is not a game, it’s a serious thing for serious people,” Cohodes says. The famed short seller explains that hedge funds like Point72 and Melvin Capital are creating significant systemic risk for all market participants. Following the congressional hearings that wrapped on Thursday, Cohodes addresses why the reckless use of leverage needs to be constrained by regulators.

Marc Cohodes is regarded as one of the world’s most successful short-sellers. Before retiring, Cohodes previously ran one of the largest hedge funds in the world, Copper River Partners. They managed over $1.5 billion in assets, and made a fortune betting against companies whose books and practices didn’t quite make sense. In 2008 Marc quit the financial game after a correct bet against Lehman resulted in a complication between Copper River and Goldman Sachs, which led to the fund’s demise. Since then he’s retired from his trade desk, and runs Alder Lanes, a swanky chicken farm in Sonoma County, California. Marc has since come out of his self-imposed short selling retirement after noticing several shorting opportunities too good to pass up.

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