The Disruptor
Contrarian and drawn to the edge; challenges the settled answer.
Carson Block, founder of Muddy Waters Capital, is The Disruptor because he weaponizes transparency against entrenched financial dishonesty. His viral short reports function as systemic challenges to market complacency, not merely trades. Where peers hedge liability, Block courts litigation as a competitive moat, reading lawsuit threats as confirmation he has found genuine fractures.
“Come up with an excuse, okay? Just tell me, you know, something came up or whatever. All right. And we won't do it. You know, and the CFO, like he just didn't know what he was getting into. And he's like, oh, well, no, I'm sure Chairman Leo would really look forward to that. You know, I'd want to know too.”
“Really hard. So we were early, I was personally very early in the toilet paper trade in COVID. I think it was like mid January, sorry, as late January when just stocked up on toilet paper and canned food and basically got ready to live in a bunker. It was at the end of February and markets in the US hadn't yet reacted.”
“What ended up happening? I mean, there were an objective ways of measuring this in that during the period of 1999 through 2002, we were being lied to and used by a number of managements of companies that my father and then my father and I had strong buys on or speculative buys on or whatever.”
“I don't know. You know, the other thing that my father had noted at the time was I was also quick to sell when my stocks had gone up. I said, wow, you know, like we were hoping for a 30% Kaker and I've gotten 50% in nine months. You know, like, hey, I'm out.”
Masters in Business: “BONUS: Muddy Waters Capital Founder Carson Block”
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