There have been some big changes in the dynamics of short-selling and investors in all parts of Wall Street and beyond are starting to take notice. A recent conference in New York hoped to address some of these changes and offer advice to investors who are both new and industry veterans. The Art, Pain, and Opportunity of Short Selling was put together by Whitney Wilson through their company Kase Learning. Tilson is the author of the book The Art of Value Investing: How the World’s Best Investors Beat the Market and is also a well-known philanthropist.
Leading the impressive group of speakers at the conference was Sahm Adrangi, another well-known value investor who first started to catch the attention of investors for being one of the youngest people who was involved with shorting fraudulent Chinese companies who were trading publically within the United States’ different stock exchanges. Sahm Adrangi is also known for creating Kerrisdale Capital and bringing it from a small $1 million startup to now managing around $150 million.
His investment choices are backed up by thorough research into any company that catches his attention enough to invest in or against. While many investors choose to keep their shorts a secret, Sahm Adrangi is very open about his decisions and publishes Kerrisdale’s findings on the internet and through other forms of media. As the first speaker of the day-long conference, he engaged the audience with an interesting speech entitled Ad Fraud Opportunities.
Sahm Adrangi’s speech was particularly relevant given the recent trend in the markets of businesses experiencing rapid declines in stock prices when their less than honest advertising practices are discovered by the public. While ad fraud is something that everyone in the investment and business industries should be working together to stop, there is still potential for investors to make a considerable profit during the process while also taking action to stop the practices from taking place. The conference also features speeches from about a dozen other important names in the short selling industry including David Einhorn, the president of Greenlight Capital.