Created by the Value Team at Schroders, the Value Perspective podcast takes a look at decision making in complex and uncertain environments.
Episodes
Monday Sep 26, 2022
Monday Sep 26, 2022
The Value Perspective with Bethany McLean
We’re very excited about our guest this week on the Value Perspective podcast. Bethany McLean is a financial journalist who was contacted by the short seller Jim Chanos when working for Fortune Magazine and advised to look into a company called Enron. Bethany’s column entitled ‘Is Enron overpriced?’ was published in 2001, starting the unravelling of the company and she went on to write a book entitled The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron. She is also author of the titles Shaky Ground: The Strange Saga of the US Mortgage Giants, All the Devils are Here: The Hidden History of the Financial Crisis, and Saudi America: The Truth About Fracking and How It’s Changing the World. Bethany has also been working at Vanity Fair as a contributor for over a decade now and has pretty much covered all of the famous corporate frauds for the last twenty years. Her background is as a mathematician and she started her career at Goldman Sachs as part of their M&A department. Our conversation references a previous Value Perspective podcast with Carson Block, exploring the nature of the people who are committing these frauds; the difference between the visionary and the fraudster; what is needed on the other side of the ledger to uncover these frauds and withstand the pressure from believers; and finally the role of short sellers in today’s markets. Please enjoy.
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