3 ms·

Yep hard to trust with conflict of interest. They seem to be at least partially wrong on Supermicro and Adani.

aurareturn 2y ago
> Adani To be fair, for a company like Adani, which is very connected to India's politicians, even if they do something illegal, they'll get away with it. Corruption is very high in India and the elites and politicians just do what they want.
- blackeyeblitzar 2y ago
  What I recall reading was various deep audits following the Hindenburg report disagreeing with their findings. Is it possible those auditors are wrong? Maybe. But I would imagine they spent extra effort given the public scrutiny over all this.
- metalman 2y ago
  except that the "elites" of india, want to, but cant, breath the air.And, have no possible way to restructure the industry that they are profiting from, which they in no way ,directly manage, operate, or regulate, personaly. So they are exporting there very sucsessfull business model, worldwide......following the money ....,herds......mooooo.....mooooo....mooooney! to fresher ,greener(ha!), pasture
seanhunter 2y ago
True they have a conflict of interest, but show me equity research that doesn’t have a conflict of interest. The only way to get that is to do it yourself. Even the most glowing research piece put out by a big sell-side firm I can guarantee you the sales traders will swear about internally because they feel it should have been more bullish. Even when big wall street firms don’t have a position and aren’t trying to butter up the c-suite in the hope of getting future IB fees, they are structurally long the market because of how commissions work so they want shares in general to go up. In that context I think short research is healthy. With Hindenburg yes you know he has a (short) position so has an axe to grind, but at least you know exactly what his position is and can interpret the research through that lens. All other research should be read with the same skepticism but you should additionally make sure to identify the author’s bias because they surely have one. I personally don’t trust any published research and would urge anyone who invests to do their own research. Also absolutely don’t trust any recommendations or “research” you read put out by someone online and least of all random investing “tips” put out by influencers/random people you meet etc. There is a huge amount of astroturfing via forums and the like and if you can’t trust the big wall street firms and specialised research boutiques you certainly can’t trust 2thaM00n1234 on reddit, or that guy you met at the golf club Christmas party, or Jane’s brother’s boyfriend’s cousin who made a bunch of money through crypto or whatever all of which could literally be anyone at all even if you think you know them. Do the legwork yourself, make money slow. That way there’s no-one to pull the rug out from under you.

> Adani To be fair, for a company like Adani, which is very connected to India's politicians, even if they do something illegal, they'll get away with it. Corruption is very high in India and the elites and politicians just do what they want.

blackeyeblitzar 2y ago
What I recall reading was various deep audits following the Hindenburg report disagreeing with their findings. Is it possible those auditors are wrong? Maybe. But I would imagine they spent extra effort given the public scrutiny over all this.
metalman 2y ago
except that the "elites" of india, want to, but cant, breath the air.And, have no possible way to restructure the industry that they are profiting from, which they in no way ,directly manage, operate, or regulate, personaly. So they are exporting there very sucsessfull business model, worldwide......following the money ....,herds......mooooo.....mooooo....mooooney! to fresher ,greener(ha!), pasture

seanhunter 2y ago

True they have a conflict of interest, but show me equity research that doesn’t have a conflict of interest. The only way to get that is to do it yourself. Even the most glowing research piece put out by a big sell-side firm I can guarantee you the sales traders will swear about internally because they feel it should have been more bullish. Even when big wall street firms don’t have a position and aren’t trying to butter up the c-suite in the hope of getting future IB fees, they are structurally long the market because of how commissions work so they want shares in general to go up. In that context I think short research is healthy. With Hindenburg yes you know he has a (short) position so has an axe to grind, but at least you know exactly what his position is and can interpret the research through that lens. All other research should be read with the same skepticism but you should additionally make sure to identify the author’s bias because they surely have one. I personally don’t trust any published research and would urge anyone who invests to do their own research. Also absolutely don’t trust any recommendations or “research” you read put out by someone online and least of all random investing “tips” put out by influencers/random people you meet etc. There is a huge amount of astroturfing via forums and the like and if you can’t trust the big wall street firms and specialised research boutiques you certainly can’t trust 2thaM00n1234 on reddit, or that guy you met at the golf club Christmas party, or Jane’s brother’s boyfriend’s cousin who made a bunch of money through crypto or whatever all of which could literally be anyone at all even if you think you know them. Do the legwork yourself, make money slow. That way there’s no-one to pull the rug out from under you.