Valeant, Short Selling, and the Too-Hard Pile

Posted on 12 CommentsPosted in Case Studies, Investment Philosophy

In general, I find reading short reports to be a very valuable exercise. I don’t do much shorting in my partnership, but I find that for the most part, short sellers provide a useful service to the capital markets and I think that the good short sellers (who are few and far between) often do more thorough investigative analysis than the vast majority of long-only investors. For a good book on shorting, I recommend reading Scott Fearon’s book called Dead […]