Muddy Waters Research
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|Key people||Carson Block|
Muddy Waters Research Group is a privately held due diligence based equity research company that identifies overseas Chinese stocks poised[clarification needed] to move 30% or more. The company is especially known[to whom?] for its keen eye for spotting fraudulent accounting practices at Chinese companies. The company is named after the Chinese proverb “ 浑水摸鱼 ” 'catching fish in muddy waters'. In other words, opacity creates opportunities to make money. This way of thinking has been part of Chinese culture for centuries, and it is institutionalized in the modern practises[clarification needed]. The company was founded by Carson Block.