Muddy Waters’ Carson Block on How AI Could Unwind the S&P 500 | #640
My guest today is Carson Block, founder of Muddy Waters Research & Muddy Waters Capital and one of the last short sellers still standing.
In today’s episode, Carson Block explains why he thinks AI could displace 15% of knowledge workers and unwind the market’s biggest stocks. He breaks down his short of SoFi’s aggressive loan accounting, why record-tight credit spreads worry him, and how he trades that risk with put spreads.
To close, Carson explains why he still calls China uninvestable and recounts his hardest battles.
(0:00) Starts
(1:02) Carson Block on the evolution of short selling
(3:03) The impact of AI on jobs, economy, and markets
(9:43) Evolving Muddy Waters' business model beyond short-selling
(13:32) Investing in momentum and junior gold miners
(17:52) Navigating markets amid AI disruption and labor market impact
(25:21) Thoughts on historically low corporate yield spreads
(30:25) Carson's short call on SoFi
(38:10) Carson's most memorable investment
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Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.
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Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
