Marc Cohodes made a living exposing fraudulent companies, and profiting when their stock prices collapsed. But the life of a short seller is spent on a high wire because executives willing to engage in fraud don't play by the rules when their freedom is at stake. Marc tells the stories of the adversity he's faced holding public companies accountable.

Marc recounts the war stories from his shorts of iomega, TCBY, Lernout & Hauspie, Novastar Financial, Jos. A Bank, Bally Manufacturing, Direct Focus, and more.

Follow Marc on Twitter: @alderlaneeggs
Marc's Mimedx Website: http://petiteparkerthebarker.com/

Email the show: [email protected]
Twitter: @halfkelly

Matt writes the blog "Miles Earn and Burn" which stands alone in the credit card space. He has no ads on the site, and he writes about advanced strategies that don't make it into the mainstream travel blog world. The post that got me interested in having Matt as a guest said basically: go to your local credit union and see if there's anything that you might be able to profit from. In the advantage play world that would be called scouting. In the manufactured spend world it's known as probing. https://milesearnandburn.com/index.php/2023/09/29/taking-a-stroll-to-the-local-financial-district/

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Curtis, Phil, and Reilly are professional sports bettors that provide the valuable service of getting down for originating groups. They are logistics providers in the gambling world. They talk about starting as casino APs, finding sports, and having several hundred thousand dollars taken from them by a  sportsbook.

Find Reilly on X. https://twitter.com/ValleyBlitz_15

Support the show credit card links: https://docs.google.com/document/d/1YTMUqap_Z0D9832cOl5wYxUs16Byr6xx-iAZzrRL3VU/edit?usp=sharing

Email us: risk of ruin pod at gmail
Follow on X: https://twitter.com/halfkelly

The story of Long Term Capital Management as told by LTCM partner Eric Rosenfeld. Eric earned a PhD from MIT, then taught at Harvard Business School, then became a trader at Salomon, then was a founding partner of LTCM.

Resources:

HBS Study on LTCM dividend

Eric's talk at MIT in 2009

Michael Lewis article on LTCM

When Genius Failed, Roger Lowenstein

Follow the show on Twitter: @halfkelly
Email: [email protected]
Web: halfkelly.com

John Hempton runs Bronte Capital, which generates its excess returns primarily through shorting fraudulent companies. John walks through a hypothetical short, explaining how they find it, how they size positions, and the kinds of returns that can be expected. He also discusses his shorts of Valeant Pharmaceutical and Wirecard.

John Hempton on Twitter: https://twitter.com/John_Hempton
John's Blog: http://brontecapital.blogspot.com/
Netflix documentary on Valeant: https://www.imdb.com/title/tt7909184/

Email the show: [email protected]
Follow the show on Twitter: https://twitter.com/halfkelly

Mark DeRosa, Zack White, and Rufus Peabody. The story a group of friends from Appalachian State that went on to team up with an econ grad from Yale. They started playing casino games and eventually would go on to bet the max at sports books all over Las Vegas.

Follow Zack White on Twitter.

Follow Mark DeRosa on Twitter.

Follow Rufus Peabody on Twitter.

Rufus's betting analytics startup: Unabated. 

Mark DeRosa, Zack White, and Rufus Peabody. The story a group of friends from Appalachian State that went on to team up with an econ grad from Yale. They started playing casino games and eventually would go on to bet the max at sports books all over Las Vegas.

Follow Zack White on Twitter.

Follow Mark DeRosa on Twitter.

Follow Rufus Peabody on Twitter.

Rufus's betting analytics startup: Unabated. 

Houyi went from Yale Law School to a job in finance before he left it all behind to become a professional advantage player. He talks about counting cards, learning to play hole cards, traveling the world, and a fateful poker game in Cambodia.

Email the show: [email protected]
Follow us on Twitter: @halfkelly

Richard Munchkin and Darryl Purpose are career advantage players. Over the past 40 years they've teamed up to win millions of dollars from casinos. In this episode they recount some of the war stories and also offer reflections on the nature of teamwork.

Darryl Purpose's music website: https://darrylpurpose.com/
Richard Munchkin / Gambing With an Edge: https://www.lasvegasadvisor.com/gambling-with-an-edge/category/podcast/
Earlier episode of Risk of Ruin featuring Richard and Darryl: https://podcasts.apple.com/us/podcast/david-goliath-part-i/id1527018692?i=1000493338179
James Grosjean's "Beyond Coupons": https://www.lasvegasadvisor.com/gambling-with-an-edge/wp-content/uploads/2022/02/beyondcouponsbjfo.pdf


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Follow us on Twitter: https://twitter.com/halfkelly

Citrini Research has taken Fintwit by storm with a series of prescient market calls covering themes such as AI, GLP-1, and the Trump election.

In this episode Citrini discusses how he arrived at thematic investing, the process he uses to find baskets of stocks, and also what it’s like to write up a thesis for tens of thousands of subscribers.

Find Citrini on Substack.

Find Citrini on Twitter.

Support the show by subscribing to the Premium Substack: https://riskofruinpod.substack.com/p/new-episode-big-chunky-changes?r=ckepv

Email the show: risk of ruin pod at gmail

Follow the show on Twitter: @halfkelly