The best short call of 2023 wasn’t made by a ruthless hedge fund, a well-known activist firm, or any of the liveliest voices on the sell side. It was made by a first-year medical resident running a blog named after a SpongeBob SquarePants character.
James Block is a physician at one of America’s top hospitals, but between shifts he moonlights as an amateur financial sleuth and writer. His personal mission: expose the cryptocurrency market for being what he describes as “a semi-decentralised pyramid scheme”.
