Marc Cohodes: The Stock Market Is Not A Game

Published: March 20, 2023, 9:55 p.m.

b'Marc Cohodes, accomplished short-seller and financial bloodhound, is on the ultimate hot-streak. Over the past six months, he has been the sternest critic of FTX, Silvergate, and Signature Bank, all of which either have ceased operations as a corporate entity or will do so shortly. He shares what led him to call out FTX in the summer of 2022 (months before its bankruptcy in the fall) and why he shorted the stocks of Silvergate ($SI) and Signature Bank ($SBNY), which have both collapsed in value (a share of Silvergate trades at less than two dollars and shares of Signature Bank no longer trade after it was taken over by the Federal Deposit Insurance Corporation on March 12).\\xa0\\n\\nCohodes also explains the immense difficulties that short-sellers frequently face, and he shares his opinion on turmoil swirling around the U.S. regional banking system. Over the course of this interview, Cohodes makes several allegations which are solely his own opinion. Filmed the afternoon of March 20, 2023.\\n____\\nFollow Marc Cohodes on Twitter https://twitter.com/AlderLaneEggs\\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\\n____\\nUse code GUIDANCE10 to get 10% off Permissionless 2023 in Austin:\\nhttps://blockworks.co/event/permissionless-2023\\n____\\nResearch, news, data, governance and models \\u2013 now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/\\n____\\nGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:\\nhttps://rb.gy/5weeyw\\n____\\nMarket commentary, charts, degen trade ideas, governance updates, token performance, can\\u2019t-miss-tweets and more. Subscribe to the Blockworks Research \\u201cDaily Debrief\\u201d Newsletter: https://rb.gy/feusos\\n____\\nTimestamps:\\n(00:00) Intro\\n(14:59) Silvergate and Signature Bank as "Publicly-Traded Crime Scenes"\\n(23:47) Silicon Valley Bank\\n(31:30) Is This Similar to 2008? (Answer: Not Really)\\n(58:43) What Marc Is Working On Now\\n(01:04:18) Blockworks Research\\n(01:05:18) The Dangerous Life Of A Professional Short-Seller\\n____\\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.'