Short-seller Block: Markets overvalued, even after sell-off

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.

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