Joe Weisenthal

betting on the line go up.

So I think you have to have like a sort of distinct personality type to think, oh, maybe there is some other interesting way to make money in this market besides betting on stocks going up.

But it's an important service because one, you know, as they will say, and I think there's probably something to it, shorting helps provide like price discovery.

You can't just have everyone long.

But then there's like another layer that I think is very important.

And this is the maybe connection to journalism.

They often do a lot of work.

Right.

They often have to do a lot of sort of what in a very slightly adjacent field, what might be like considered investigative journalism.

Yeah, that's right.

And in addition to talking about this sort of the life of a short seller, what it's like being a short seller, we also sort of learned some new news, which is that she is getting interested in the Korean market.

How would you describe Safgut Capital?

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.