Sahm Adrangi spoke at a conference called “The Art, Pain and Opportunity of Short Selling” on May third, 2018. The event, hosted at the New York Athletic Club by well-known New York investor, philanthropist and author Whitney Tilson, who gave the opening remarks that Thursday.
Sahm Adrangi gave the first speech of the night after Tilson, discussing ad fraud opportunities. Acknowledging that the business community still needs to fight against fraud, Sahm Adrangi says that knowing the impact of fraud on the market, focusing on diligence in investing and recognizing the links between short-selling opportunities and fraud can lead to some profitable opportunities. When a companies stock is about to take a huge dip in value is when ad fraud is most likely. By staying informed of this a short-selling investor can prepare and be ready when it happens.
Head of Kerrisdale Capital, Sahm Adrangi began the company with $1 million in capital. He now manages over $150 million and has made a name for himself in the industry. Sahm Adrangi is also known for his massive success short-selling several fraudulent foreign companies, including several from China.
Adrangi was followed by David Einhorn, head of Greenlight Capital since its founding in 1996, and many other financial luminaries from around the world, such as Soren Aandahl of Glaucus Research Group and Enrique Abeyta Ubillos from Project M Group. They spoke on such topics as “Tesla is STILL a zero”, “The Other Greek Parmalat” and “The Best/Worst Short We Ever Had.”
“The Art, Pain and Opportunity of Short Selling” started at 7:15 with a breakfast and ended with a reception at 4:30. It was focused on many of the small nuances that exist in successful short selling, both basic and advanced ones that even experienced investors might not know. This information is helpful to short sellers as they are being hit hard by a long bull market right now. First quarter earnings were not what most investors expected, and many analysts are predicting a lot of movement in the next few years among long and short investors alike.