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Short seller Hindenburg Research accuses Adani of accounting and capital markets fraud
Hindenburg Research accuses Indian conglomerate Adani of accounting and capital markets fraud, and highlights the role of entrepreneurs in developing countries who work hand in hand with governments. The accusations raise questions about the role of short sellers in the market, and the gray line between leading entrepreneurs and governments in developing countries.
Clips
This podcast episode explores the role of short seller research analysts in driving efficient markets by identifying things that the market is missing, and also discusses the high multiples of 30 to 35 times for high growth companies in 2021.
1:00:07 - 1:03:44 (03:36)
Summary
This podcast episode explores the role of short seller research analysts in driving efficient markets by identifying things that the market is missing, and also discusses the high multiples of 30 to 35 times for high growth companies in 2021. The conversation also touches on the FTX debacle and the lack of due diligence that caused substantial losses.
ChapterShort seller Hindenburg Research accuses Adani of accounting and capital markets fraud
EpisodeE114: Markets update: whipsaw macro picture, big tech, startup mass extinction event, VC reckoning
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Hindenburg report has alleged the Adani business of accounting and capital markets fraud.
1:03:44 - 1:08:41 (04:56)
Summary
The Hindenburg report has alleged the Adani business of accounting and capital markets fraud. The report also raises concerns about the role of entrepreneurial conglomerates in the gray area between government and business operations in developing countries.