Posted by Stephanie TAN Ming Min, Year 4 undergrad at the School of Business, Singapore Management University
Short-seller Block: Markets overvalued, even after sell-off
In the video, Muddy Waters founder, Carson Block, talks about his latest investment calls – specifically about how the stocks of Chinese lottery company, 500.com, should trade at a lower multiple due to the risk of accounting fraud especially with the way the company channels its funds. Following which, Block discusses why accounting fraud is so prevalent in China.
AsianExtractor: Unearthing Accounting Fraud in Asia 