Posted on Jan 31, 2021, 10:38 a.m.Updated Jan 31, 2021, 2:30 PM
Carson Block is sailing in troubled waters. For several days, short sellers have been the target of American stock marketers, furious that these financial professionals have been able to attack the company GameStop, a video game brand. Faced with these attacks, the Citron Research fund had to throw in the towel, and Carson Block reduced its short positions, but the latter is convinced that he will succeed in adapting to these new market conditions. As the name “Muddy Waters” suggests, for eleven years he has judged “it is easier to catch fish in murky waters”. Because there are opportunities there. In one of his first threads, in 2011, he put together the Sino-Forest company, a Canadian company that he was convinced was lying to the market. With good reason: seven years later, the co-founder of this company was found guilty of fraud and negligence, and ordered to reimburse more than 2.6 billion dollars.