Andrew Left wasn’t too short

Notes for the podcast: Today, a new episode of Money Stuff: The Podcast drops, where Katie and I discuss M&A fees, investing private assets in ETFs, and reader questions about saunas, parties, poker, and alpha. You can listen to it Here.

The thing is, part of me wants to side with Andrew Left. Left is an activist short-seller who publishes reports as Citron Research, and today the U.S. Securities and Exchange Commission and federal prosecutors charged him with fraud. Here are the announcements from the SEC and the Department of Justice. The basic outline of the alleged fraud is pretty simple: