The Meb Faber Show · Friday, July 17, 2026
Carson Block indicated that Muddy Waters is diversifying its strategy, exploring short positions in the bond market and private markets, in addition to equities. He described shorting equities as "picking up pennies in front of a steamroller" and highlighted the difficulty and lack of upside in bond shorting.
“And my favorite quote of the last year, year and a half is that, you know, you can't have all your eggs in one basket.”
“And so, you know, I think it's important to diversify.”
“But, you know, my shorting, my shorting work, it's like trying to pick up pennies in front of a steamroller.”
“It's not easy.”
“And, you know, I've been looking for ways to sort of generate alpha and diversify my business.”
“And so, you know, I've been looking at the short side of the bond market and that's been a major focus.”