Sahm Adrangi is an Iran native who was raised up in Vancouver, Canada. He graduated from Yale. Sahm launched his hedge fund company, Kerrisdale Capital Management in 2009 just when a historical bull market was in progress. The company is located in New York City
Short activism is the act of shorting a stock and then publicly argues the reasons with comprehensive research to back up the short. Sahm Adrangi and his company have a credible reputation with shorting built over the years.
Sahm Adrangi has made a name for himself as a short seller by shorting stocks. At only 36 year- old. In 2011, he made his first successful short activism by shorting fake US-listed Chinese companies. This garnered him a reputation as a short seller.
Since then, Adrangi has continued to take down satellite organizations like Globalstar and Dish Network. Sam Adrangi latest shorting has been on Eastman Kodak. Kodak is an imaging company planning to offer blockchain service to safeguard photographers from copyright encroachment in an attempt to divert investors from the beaten-down stock which was trading at about $5.05.
Short sellers face challenges, especially during a bull market. During times when the market is doing pretty well, it is vital for short sellers to have their notions right as the chances of losing money are steep as compared to when the market is flat.
A 25 percent loss of stock in the market is a disaster whilst a disaster on the short side is considered loosing 200 percent. During a bull or healthy market, there are more opportunities for short activism due to stocks that are not under control with respect to valuation.
Sahm Adrangi claims that through passive shorting it is possible for one to make money. This is however hard, as shorting requires sharing your views and research publicly which is not so with passive shorting. Though he is not a market bear or an expert in global macroeconomic policy, Adrangi prides in making money off companies with businesses that don’t work as good business are worth a great deal.