EPISODE · Mar 20, 2023 · 1H 16M
Marc Cohodes: The Stock Market Is Not A Game
from Forward Guidance · host Blockworks
Marc Cohodes, accomplished short-seller and financial bloodhound, is on the ultimate hot-streak. Over the past six months, he has been the sternest critic of FTX, Silvergate, and Signature Bank, all of which either have ceased operations as a corporate entity or will do so shortly. He shares what led him to call out FTX in the summer of 2022 (months before its bankruptcy in the fall) and why he shorted the stocks of Silvergate ($SI) and Signature Bank ($SBNY), which have both collapsed in value (a share of Silvergate trades at less than two dollars and shares of Signature Bank no longer trade after it was taken over by the Federal Deposit Insurance Corporation on March 12). Cohodes also explains the immense difficulties that short-sellers frequently face, and he shares his opinion on turmoil swirling around the U.S. regional banking system. Over the course of this interview, Cohodes makes several allegations which are solely his own opinion. Filmed the afternoon of March 20, 2023. ____ Follow Marc Cohodes on Twitter https://twitter.com/AlderLaneEggs Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ ____ Use code GUIDANCE10 to get 10% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 ____ Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ ____ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw ____ Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos ____ Timestamps: (00:00) Intro (14:59) Silvergate and Signature Bank as "Publicly-Traded Crime Scenes" (23:47) Silicon Valley Bank (31:30) Is This Similar to 2008? (Answer: Not Really) (58:43) What Marc Is Working On Now (01:04:18) Blockworks Research (01:05:18) The Dangerous Life Of A Professional Short-Seller ____ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
What this episode covers
Marc Cohodes, accomplished short-seller and financial bloodhound, is on the ultimate hot-streak. Over the past six months, he has been the sternest critic of FTX, Silvergate, and Signature Bank, all of which either have ceased operations as a corporate entity or will do so shortly. He shares what led him to call out FTX in the summer of 2022 (months before its bankruptcy in the fall) and why he shorted the stocks of Silvergate ($SI) and Signature Bank ($SBNY), which have both collapsed in value (a share of Silvergate trades at less than two dollars and shares of Signature Bank no longer trade after it was taken over by the Federal Deposit Insurance Corporation on March 12). Cohodes also explains the immense difficulties that short-sellers frequently face, and he shares his opinion on turmoil swirling around the U.S. regional banking system. Over the course of this interview, Cohodes makes several allegations which are solely his own opinion. Filmed the afternoon of March 20, 2023. ____ Follow Marc Cohodes on Twitter https://twitter.com/AlderLaneEggs Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ ____ Use code GUIDANCE10 to get 10% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 ____ Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ ____ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw ____ Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos ____ Timestamps: (00:00) Intro (14:59) Silvergate and Signature Bank as "Publicly-Traded Crime Scenes" (23:47) Silicon Valley Bank (31:30) Is This Similar to 2008? (Answer: Not Really) (58:43) What Marc Is Working On Now (01:04:18) Blockworks Research (01:05:18) The Dangerous Life Of A Professional Short-Seller ____ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
NOW PLAYING
Marc Cohodes: The Stock Market Is Not A Game
No transcript for this episode yet
Similar Episodes
Dec 18, 2025 ·14m
Oct 28, 2025 ·5m