When he’s not exposing Spanish WiFi scams, Gotham City Research founder David Yu offers a rare and unique glimpse into the behaviors of a rarely discussed guy named Batman.

The short seller that helped bring down Let’s Gowex SA (GOW) is a secretive firm called Gotham City Research LLC, which is bringing pressure to European companies largely unaccustomed to such scrutiny. Daniel Yu, founder of Gotham City Research, named the firm after the city in the “Batman” comic books. Like the masked hero, Yu is protective of his privacy and declined to reveal his age, educational details or the number of people who work for the firm. In interviews with Bloomberg News, he said he devoted himself to betting against troubled companies after getting burned by an investment in mortgage lender Freddie Mac in 2008. “If you pay close attention to Batman, he always worked within the spirit and the letter of the law,” Yu said by phone from New York on June 23. “He’s not a vigilante.1 He realizes that the authorities have scarce resources and limited personnel. We are driven by the desire to show people that the world doesn’t belong to seemingly untouchable wrong-doers.”

Short Seller Yu Channels Batman in Takedown of Gowex [Bloomberg via Matt]

1. Do you really need to pay “close attention” to see this? Wouldn’t this be a thing you would know based on even the most cursory knowledge of the character? In a parallel universe, the short seller who runs Metropolis Capital Partners is telling a reporter, “People seem to forget, Superman could fly.”2

2. Obviously early on there is a part where people are like, “Maybe Batman is a bad guy,” but all of us living outside the comic strip/movie know he’s not.

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Comments (10)

  1. Posted by Quant me maybe... | July 7, 2014 at 3:35 PM

    Technically, wouldn't he be a call seller or a short buyer?

    >Guy who does both with frequent detriment of his bonus.

  2. Posted by Come on | July 7, 2014 at 3:41 PM

    You're the worst kind of person

  3. Posted by investorcluzo | July 7, 2014 at 3:54 PM

    Even the most cursory dealbreaker reader would know the article was penned by Matt upon seeing that even the footnotes have footnotes…

  4. Posted by Dumbass Oil Trader | July 7, 2014 at 3:57 PM

    The fuck??

  5. Posted by Bandersnatch | July 7, 2014 at 5:06 PM

    Why do businessmen keep referring to comic book characters like there's some substance there? It's an embarrassment to the whole industry. Do generals refer to the military tactics in Starship Troopers when discussing how to fight Al Qaeda?

  6. Posted by Quant me maybe ... | July 7, 2014 at 7:55 PM

    Why do businessmen keep referring to comic book characters like there's some substance there?

    >because a lot of comic book hero's (and villains) are businessmen. It kind of works both ways. iron man – defense contractor; batman – businessman (or some sort), robin — really Bill Ackman; the joker — david tepper; mermaid man – carl ichan; the list goes on and on…

  7. Posted by Quant | July 7, 2014 at 8:48 PM

    The footnotes are nowhere near as funny as Matt's.

  8. Posted by guest | July 7, 2014 at 9:59 PM

    Sincerely hope this is sarcasm. Matt is clearly smart, but he is not funny.

  9. Posted by guest | July 7, 2014 at 10:09 PM

    Oh yes, the comments about equity derivatives are a laugh riot.

  10. Posted by friv 3 | July 9, 2014 at 5:55 AM

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