Masterspeak 2015

"Transparency is a friend of short sellers and an enemy of bad companies"

Muddy Waters Research founder Carson Block is the reclusive crusader who digs up accounting frauds

Published 8 years ago on Sep 04, 2015 21 minutes Read
Photographs by Dawid Bilski

Carson Block’s life could make for a blockbuster script: a combination of Jerry Maguire meets Breaking Bad. Getting initiated into the stock market in his teens through his father, Block learnt the hard way that things are not as rosy as they are made out to be and CFOs can lie looking at you in the eye. Around the year 2000, Block decided to chuck his investment banking job and join his father full-time at his research outfit that mainly covered micro-caps.