Dan David is a Freedom of Speech activist in the global financial markets and the founder of Wolfpack Research, a short-biased activist research firm. He is considered an expert on China's markets and security and has presented at prestigious think-tanks and conferences such as the Center for Strategic International Studies (CSIS), Ergo - Global Flashpoint, and the Sohn Investment Conference. Dan is featured as the lead protagonist in a ground-breaking documentary, "The China Hustle," which documents his work exposing fraud in China-based, U.S. listed companies.Our podcast will take you inside the world of activist short-sellers, global finance, politics, social issues and sports. Our brash, unfiltered style leaves no doubt in the listeners ears that we are advocates of free speech.
Episode - 11 Ambassador Dennis Shea
The Pack is joined this week by Ambassador Dennis Shea. Ambassador Dennis Shea was the Deputy United States Trade Representative and Chief of Mission, Geneva where he represented the United States as Ambassador to the World Trade Organization (WTO). Ambassador Shea takes us through his history serving on the U S China economic and security review commission. His time in Geneva where he became famous in China on Weibo, Chinas version of twitter. Through the struggles at the WTO and some surprising allies as well as some allies that are more like frenemies. Ambassador Shea also talks about what his hopes are for the new administration and the future of the WTO. Sit back and enjoy this special trip through the interworking's of the WTO and the challenges that the US faces. 2:32 Ambassador Shea’s time serving on the US-China Economic and Security Review Commission and China’s ability to export a chill on freedom of speech in America.7:56 How Ambassador Shea became a US representative to the World Trade Organization, the ways other countries in the WTO have failed to hold China accountable, and 17:35 Where the WTO has failed in promoting free and fair trade, the issues of including China in the WTO, and Ambassador Shea’s three main issues with the WTO.29:29 China’s demands for the WTO going forward, how China called themselves a “developing country” to get preferential treatment, and the need for allied countries to join the US in sanctioning China.37:38 Jack Ma’s disappearance, the Kennedy Bill’s debacle with delisting Chinese Telecom companies, and Ambassador Shea’s term for these sorts of companies: Ostensibly Private but State Influenced Corporations (OPSIC)45:06 Ambassador Shea’s ideal agenda for the WTO going forward under the Biden administration and his urgent plea for other countries to join the US in WTO reform.53:07 What Ambassador Shea will be watching in the coming years and what events would be cause for concern for the US.
Episode 10 - Anne Stevenson-Yang Joins The Pack to discuss the BTBT Bit Digital report.
Special guest Anne Stevenson-Yang, co-founder of J Capital Research Joins the pack to discuss the BTBT Bit Digital report.
Episode 9 - Alibaba, Jack MA, Ant Financial Guest panel Herb Greenberg and Paul Gillis
In this episode the pack travels back to China in search of Jack Ma. We bring back China accounting expert Professor Paul Gillis and new to the pack, Herb Greenberg. We dive into the reasons why, and not for the first time, Jack Ma has been removed from the public. We also get an in-depth look at how Alibaba became the giant it is and was able to crush its competitors in China. Paul and Herb share some of the details from the IPO, red flags that created the ongoing SEC investigation and the problems that Jack may have created with Ant Financial. Enjoy this discussion from our panel of some of the worlds best in finance. 2:22 What the hell is going on with Jack Ma5:32 History of the Tech in China and Alibaba8:20 China starts to Evolve and attempts to reign in some of the bigger companies 10:16 Jack Ma gets his first billion and destroys EBAY14:50 IPO's VIE's and are they really worth the paper they are printed on18:30 Alibaba has some issues with their accounting and even MIT cant figure it out28:00 The Ant Financial IPO35:16 Trump now Biden and China what will happen40:00 China, future frauds and will the SEC be a toothless tiger
Episode 8 - Professor Paul Gillis
In this episode The Pack continues it world tour speaking to the experts in the financial world. We land in Beijing and visit with Professor Paul Gillis. Paul is one of the foremost accounting experts in the world on China. This former PWC partner and PCOAB advisory board member is the go-to guy for the US Government as well as Public and Private entities when they have questions on China and its accounting practices. Hear about Paul's life and how he ended up in China. How accounting has evolved and how China's accounting practices have evolved. We touch on current events and some future predictions. Sit back, have a drink, and enjoy a conversation with Dan and The Pack as they swap stories with the amazing Professor Paul Gillis.2:28 Paul’s backstory as an aspiring Olympic skier and his entrance into accounting and joining PricewaterhouseCoopers in its early stages in China14:55 Gillis’s problem with China’s high tax rates and incompetent enforcement, Alibaba’s dominate presence and the struggles facing Ant Group’s IPO29:14 Hong Kong’s lack of market regulation and the dangers it poses to investors, Will Hong Kong will dissolve into China in 10-15 years?40:01 How do you go on live Chinese state TV and balance your opinion, facts and not going to jail.43:54 Students in China and Students in the US. Rock Star Treatment 48:23 Free speech in the US, China and working the system. 50:08 How China utilizes AI on smartphones to contain COVID and the advantages of a totalitarian state in dealing with the virus57:47 Paul’s take on the age of activist shorts and whether there is still fraud in China1:07:30 The incredibly convoluted accounting practices in China and how Chinese law frees them from accountability to foreign investors
Episode 7 - Stephen Clapham
In this episode we travel across the pond to chat with internationally renowned forensic accountant and author Steven Clapham. Steven talks to us about life as a sell-side analyst, his due diligence work when vetting a company, and his book “The Smart Money Method.”When he’s not providing research for private clients, Stephen is educating the next generation of analysts with his online investment research and analysis training course - Behind the Balance Sheet.Sit back, have a drink, and enjoy a conversation with Dan and The Pack as they swap stories with award-winning forensic accountant Stephen Clapham.• 3:55 – Have you ever wondered what qualifications you need to be a sell-side analyst? According to Stephen – none.• 11:20 - The importance of knowing a company’s balance sheet and why Stephen thinks most investors pay little to no attention to it – at their own peril.• 12:46 - GAAP, Non-GAAP, and the real numbers in a company’s books.• 17:44 – Stephen’s independent view as a sell-side analyst doesn’t go over too well with one of the large banking firms.• 21:44 – Stephen moves to the buy-side and finds telling the whole truth much more rewarding.• 25:32 – The repercussions of not trusting a company’s CEO.• 33:55 – Why you “can’t prove” Alibaba is a fraud.• 42:58 – Auditors: do they matter, and if so, how much?• 47:12 – “It’s impossible for a company to commit fraud … people commit fraud.” Fraud – who’s committing it and who pays for it?• 49:10 – “Would we be better off without audits?”• 52:53 – Trained and Equipped: the importance of understanding the equities.• 56:34 – “The Old Boys Club,” Jamie Dimon, and the lack of true independent directors.• 101:11 – Stephen develops Behind the Balance Sheet, providing research and consultancy, and educating the next generation of analysts.
Episode 6 - Sir Toshi Defender of Bitcoin
On this episode, Dan and the Pack start to explore the world of cryptocurrency with well-known Bitcoin SV advocate Sir Toshi-Defender of Bitcoin.The Pack and Sir Toshi discuss the origin of Bitcoin, some of the advantages and disadvantages of blockchain, and Sir Toshi drops his theory as to who he thinks Satoshi Nakamoto is.This is the first conversation in what will become a series of ongoing discussions as the Wolfpack begins to dig into all things crypto.2:50 - Why Sir Toshi chooses to be pseudonymous, his theory on the true identity of “Satoshi Nakamoto,” and how Bitcoin contains value.13:49 - How Satoshi Nakamoto allowed Bitcoin to build credibility through neutral growth and the Winklevoss twins’ giant stake in Bitcoin.28:25 - How blockchain remains independent by decentralizing the point of authority.31:14 - Sir Toshi’s belief in the future of Bitcoin, the benefits of decentralized currency, and how miners both compete and work together to maintain the network.50:42 - The rise of blockchain in corporations and the internet, and the concern over data that can never be deleted.56:27 - The rise of “fake” Bitcoins.
Customer ReviewsSee All
Super informative and Fast Listens
The host is able to get teh guests to really relax and open up about whjo they are and what they do. Very enjoyable