Nate Anderson’s Note on Shutting Down Hindenburg Research
Nate Anderson of Hindenburg Research Image credit X.com
Hindenburg Research Founder’s Letter on Shutting Down Short Selling Shop
Letter credit Hindenburg Research
As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today.
I write this from a place of joy. Building this has been a life’s dream.
I did not know at the outset if it would be possible to find a fulfilling path. This wasn’t an easy option, but I was naïve to the danger and felt drawn to it magnetically.
When I started this, I doubted I was capable. I didn’t have a traditional finance background. None of my relatives are in this field. I went to a state school. I’m not a slick salesperson. I don’t know any of the right clothes to wear. I can’t play golf. I’m not some superhuman that can function on 4 hours of sleep. In most of my jobs I was a good worker but mostly looked over.
Stock Market falls amid Hindenburg accusations against SEBI chief
I had no money when I started—and after catching 3 lawsuits immediately out of the gate, I quickly had less than no money. I would have failed right at the starting line had it not been for the support of world-class whistleblower lawyer Bryan Wood, who took the cases on despite my lack of financial resources.
I had a newborn child and was facing eviction at the time. I was terrified, but knew that if I stayed still I would crumble. The only option I had was to keep moving forward.
It is very easy to succumb to negative thoughts and believe what others think of you, especially when things feel low. But it is possible to shatter all of that. I was passionate about this and I let that carry me forward despite my fears and insecurities.
And then this slowly started to flourish.
One at a time, and without a clear plan, we built a team of 11 incredible people. I hired each of them not because we needed workers, but because when our paths crossed and I could see who they were, I realized it was madness not to bring them on.
They are all smart, focused, and fun to work with. Little to no ego. When you meet them, they are all very nice and polite. But when it comes to this field, they are ruthless assassins, capable of world-class work. Like me, our team didn’t come from traditional finance backgrounds. My first hire often describes himself as a former bartender.
We all have a shared view of the world, a mostly calm exterior, and a similar burning underlying intensity. They are all family to me.
We have all worked extremely hard, with a focus on precision and letting the evidence dictate our words.
Sometimes this meant taking big swings and taking on fights that are much bigger than any of us as individuals. Fraud, corruption, and negativity often seem overwhelming. Early on, a sense of justice was usually elusive. When it happened, it was tremendously fulfilling. It kept us going when we needed it.
And boy did we have an impact, eventually—more than I imagined was possible at the outset. Nearly 100 individuals have been charged civilly or criminally by regulators at least in part through our work, including billionaires and oligarchs. We shook some empires that we felt needed shaking.
Over time, people began to see what I hoped we could show—that having an impact is possible, no matter who you are.
It has also been rather intense, and at times, all-encompassing. I often wake up from my dreams because I’ve thought of a new investigative thread to pull on in my sleep, or an edit that clarifies a point I didn’t realize I was troubled by during the day. Or from the general pressure of it all. We are not fearless—we just have faith in the truth and hope it leads us down the right path.
Join the WhatsApp Channel of The Raisina Hills
Follow on Google News https://news.google.com/publications/CAAqBwgKMNK2vwsw39HWAw?hl=en-IN&gl=IN&ceid=IN%3Aen
About The Author
