> Initial Disclosure: After extensive research, we have taken a short position in Adani Group Companies
idk, should I also take one?
Evidence that Adani Group has engaged in stock manipulation and accounting fraud
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Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud
#12[flagged]
today?
Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud
#13[flagged]
1. You own a company.
2. Your company produces something hugely useful / beneficial for society; in other words, it produces something hugely valuable.
3. Your company is therefore valuable, making you super wealthy.
Which part of the above is unethical?
Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud
#14> Initial Disclosure: After extensive research, we have taken a short position in Adani Group Companies
That is pretty much what Hindenburg does; they find frauds and short them. Peruse their site. I mean, it’s in the name, you know, like the dirigible. https://hindenburgresearch.com/ https://en.wikipedia.org/wiki/Hindenburg_disaster
I thought it was named after the former German field marshal and president.
Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud
#15> Initial Disclosure: After extensive research, we have taken a short position in Adani Group Companies
That is pretty much what Hindenburg does; they find frauds and short them. Peruse their site. I mean, it’s in the name, you know, like the dirigible. https://hindenburgresearch.com/ https://en.wikipedia.org/wiki/Hindenburg_disaster
Honestly, it's a great thing that our financial system enables and rewards investigations like this.
(It's a less great thing that fraud of this sort is possible, and that falsely accusing others of fraud can happen too)
Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud
#16> Initial Disclosure: After extensive research, we have taken a short position in Adani Group Companies
There are a few of these outlets that do research into companies with questionable accounting/fundamentals and then monetize the research via shorting+publicizing.
Haven't seen many "manufactured fraud" allegations. In my experience the research is often quite in-depth and they tend to be proven correct in the end.
Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud
#17Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud
#18Earlier quoted context omitted.
That is pretty much what Hindenburg does; they find frauds and short them. Peruse their site. I mean, it’s in the name, you know, like the dirigible. https://hindenburgresearch.com/ https://en.wikipedia.org/wiki/Hindenburg_disaster
Honestly, it's a great thing that our financial system enables and rewards investigations like this. (It's a less great thing that fraud of this sort is possible, and that falsely accusing others of fraud can happen too)
Unless you're wallstreet trying to punish some poorly run companies and leadership by shorting them, and then having a reddit lynch mob coming after you.
Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud
#19Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud
#20[flagged]
Can we not make every HN thread about Elon Musk? It hardly adds to the conversation.
I’ve actually noted a stark decline in the amount of Elon sycophantism on HN. Maybe it’s because he’s fallen out of the news cycle, but I haven’t heard a word out of his mouth, ironically, since he bought Twitter.