Muddy Waters’ Carson Block on How AI Could Unwind the S&P 500 | #640

My guest today is Carson Block, founder of Muddy Waters Research & Muddy Waters Capital and one of the last short sellers still standing. In today’s episode, Carson Block explains why he thinks AI could displace 15% of knowledge workers and unwind the market’s biggest stocks. He breaks down his short of SoFi’s aggressive loan accounting, why record-tight credit spreads worry him, and how he trades that risk with put spreads.  To close, Carson explains why he still calls China uninvestable and recounts his hardest battles. (0:00) Starts (1:02) Carson Block on the evolution of short selling (3:03) The impact of AI on jobs, economy, and markets (9:43) Evolving Muddy Waters' business model beyond short-selling (13:32) Investing in momentum and junior gold miners (17:52) Navigating markets amid AI disruption and labor market impact (25:21) Thoughts on historically low corporate yield spreads (30:25) Carson's short call on SoFi (38:10) Carson's most memorable investment ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at [email protected] ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!  ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).