Joe Weisenthal

We'll get into the details, but big picture, what is your firm?

So how are you still here?

This is great.

Do you distinguish between, okay, you talk about rising household debt levels.

You talk about these sort of fundamental drivers of reasons to think that businesses will decline.

Is that a category difference versus, say, looking for companies that have something suspicious in their accounting?

Like, is that a fundamentally different type of trade relationship?

Here's a company where the fundamentals are turning.

Here is another company in which the numbers just don't look right.

And you think that one day the people are going to discover that and it'll go to zero.

Maybe, you know, a theoretical open AI IPO could be the top.

Maybe, you know, who knows, etc.

Can you be a professional short seller but not be sort of temperamentally bearish?

Do people conflate bearishness with proclivity to short?

It doesn't feel like there's many rules these days.

Let's pivot a little bit because you're also interested and deeply knowledgeable in investing in probably the world's most interesting and exciting stock market, which is Korea, which is interesting, I think, for two reasons.

One, because of the chips, and we know they're making a ton of money from AI, but also just sort of changes in corporate governance and attitudes towards the stock market period.

What should everyone know about how the Korean stock market works?

Yeah.

So you're finally going to join the party.