Dan Loeb: The Lost Art of Short Selling, and Why Stock Picking is Back

丹·勒布:做空艺术的失落,以及为何选股回归

All-In with Chamath, Jason, Sacks & Friedberg

2026-06-06

31 分钟
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单集简介 ...

(0:00) Dan Loeb joins the Besties! (0:34) Investor journey: From message boards to a multibillion dollar hedge fund (3:15) Third Point's early days: mentors and market turmoil (8:47) Strategy shift: Event-driven to quality and AI (16:01) The art of short selling and a homebuilder trade (22:15) Criminal justice reform and the Ross Ulbricht pardon Thanks to our partners for making this possible! EY - Agentic AI is introducing a new investment discipline. As AI shifts to consumption-based models, EY connects spend to enterprise value. https://www.ey.com/en_us/insights/ai/agentic-ai-token-costs?WT.mc_id=3501318&AA.tsrc=sponsorship NYSE - Thank you to our partner, the New York Stock Exchange - a modern marketplace and exchange for building the future. It all happens at the NYSE. https://www.nyse.com Plaud - Never miss a moment. Plaud, our official wearable AI note-taking partner at All-In Liquidity Summit, captured every insight. https://www.plaud.ai Follow Dan Loeb: https://x.com/DanielSLoeb1 Apply for Summit 2026: ⁠https://allin.com/events⁠ Follow the besties: ⁠https://x.com/chamath⁠ ⁠https://x.com/Jason⁠ ⁠https://x.com/DavidSacks⁠ ⁠https://x.com/friedberg⁠ Follow on X: ⁠https://x.com/theallinpod⁠ Follow on Instagram: ⁠https://www.instagram.com/theallinpod⁠ Follow on TikTok: ⁠https://www.tiktok.com/@theallinpod⁠ Follow on LinkedIn: ⁠https://www.linkedin.com/company/allinpod⁠ Intro Music Credit: ⁠https://rb.gy/tppkzl⁠ ⁠https://x.com/yung_spielburg
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  • Legendary activist investor Dan Loeb.

  • He, of course, is the CEO and CIO of Third Point.

  • The lost art of short selling has come back, and it's absolutely critical.

  • It doesn't matter what you do.

  • You have to be really selective.

  • People talk about stock pickers' market.

  • This is a bond and credit pickers' market.

  • When we were small, our main tool was shame and humor.

  • Dan Loeb turning up the heat on Nestle over the weekend.

  • The shift has really been more towards...

  • A dare-to-be-great message.

  • Activism without proxy contests is like Catholicism without hell.

  • You're very active on Twitter as well.

  • You found your voice.

  • A lot of emotion brewing there.

  • Can we actually start with that?

  • Before Twitter, you were actually quite active, but they were in very different places.

  • I mean, you were in Wall Street Bets before Wall Street Bets existed.

  • Can you just walk us through your evolution as a public persona?

  • Sure.