This episode features renowned short seller Fraser Perring of Viceroy Research. Perring called out Wirecard publicly and suffered the consequences of challenging a darling stock. Other major frauds followed including Steinhoff, which was a $7.4 billion fiasco.
Roy Zimmerhansl asks Perring to discuss a range of matters from the psychology of short selling through to what's next for Viceroy.
Show Timeline:
3:20 A background in life skills
5:25 Foreshadowing Grenke
6:44 Dealing with long term shorts - P&L and psychology
10:05 Finding Short Candidates
12:40 Regulator's reactions to Zatarra/Viceroy reports, allegations and short positions
19:35 Financial Terrorism
22:30 ESG & the value of short sellers
25:35 Surviving bad corporate news
30:09 Perring's fight back against personal attacks
32:00 Accessing securities for short sellers
34:30 The personal impact of exposing frauds
38:09 Where next for Viceroy?
Items mentioned in the podcast:
Wirecard blog post
Dividend Arbitrage blog post
Follow Viceroy Research:
Website: https://viceroyresearch.org/
LinkedIn: Viceroy Research
Twitter: follow Fraser - @AIMhonesty and @viceroyresearch
Under development https://www.criminalespionage.com/
Follow Pierpoint:
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