Global fund manager John Hempton, co-founder and Chief Investment Officer at Sydney-based Bronte Capital is a maverick investor who prides himself on being eccentric and loves to track down corporate frauds and short sell their shares. He creates critics, particularly amongst managements, because he’s a short-seller. In Part 1 of this interview, Hempton explains why he short sells, or bets against companies whose shares he believes will go down. In its 11 years, he says Bronte Capital has shorted over 1,000 stocks globally. But he also invests long in good, quality companies. He talks of the crucial importance of portfolio risk management as a short-seller; and why Europe’s biggest stock fraud - the recent scandal engulfing Wirecard- not only burnt Bronte Capital but why it could happen in Australia.

Global fund manager John Hempton, co-founder and Chief Investment Officer at Sydney-based Bronte Capital is a maverick investor who prides himself on being eccentric and loves to track down corporate frauds and short sell their shares. He creates critics, particularly amongst managements, because he&rsquo;s a short-seller. In Part 1 of this interview, Hempton explains why he short sells, or bets against companies whose shares he believes will go down. In its 11 years, he says Bronte Capital has shorted over 1,000 stocks globally. But he also invests long in good, quality companies. He talks of the crucial importance of portfolio risk management as a short-seller; and why Europe&rsquo;s biggest stock fraud - the recent scandal engulfing Wirecard- not only burnt Bronte Capital but why it could happen in Australia.

Candid interviews with successful Self-starters. On Build It. They'll Come, you'll hear from some amazing Australian entrepreneurs who bet big to build great businesses. Journalist Helen Dalley interviews business innovators and visionaries on how they turned their lightbulb idea into a viable, sustainable enterprise. 

This podcast is about the human face behind taking a simple idea and turning it into a business or movement. It's the beating heart behind what it takes to build an empire, from concept to execution, and how they actually achieve it. Fuelled by blind faith and hard slog, how they transform their dream idea into concrete reality.

Journalist Helen Dalley interviews business innovators and visionaries on how they turned their lightbulb idea into a viable, sustainable enterprise.

Build It. They'll Come.

Bronte Capital co-founder & Investment Officer John Hempton on why he follows corporate fraudsters & short sells shares; and why he was right about Europe’s big stock fraud, Wirecard, but HOW he still lost money on it.

After years as an art critic writing about art, art consultant Michael Reid decided to take the plunge into the business side of the market and become a gallerist. He had his university degrees, but Michael Reid knew his strongest foundation actually came from his time spent honing expertise and his business sense inside Christie’s, the massive global art world juggernaut. Based in London, Michael discovered that exposure to art and auctions and the business of art on the international stage was the best qualification he could possibly have.

This self described boy from country NSW, who describes himself as super ambitious, who is building and growing his “world” as he calls it,  who has built physical galleries, online platforms, food destinations, a current pop-up gallery in Los Angeles with plans for a permanent exhibition space there, who loves to drop names and sells to some of the finest collectors in Australia, operates his global business from his quiet, peaceful home in a tiny town, yes … back in country NSW. And he’s not finished yet.

After years as an art critic&nbsp;writing&nbsp;about art, art consultant Michael Reid decided to take the plunge into the business side of the market and become a gallerist. He had his university degrees, but Michael Reid knew his strongest foundation actually came from his time spent honing expertise and his business sense inside Christie&rsquo;s, the massive global art world juggernaut. Based in London, Michael discovered that exposure to art and auctions and the&nbsp;business of art on the international stage was the best qualification he could possibly have.
This self described boy from country NSW, who describes himself as super ambitious, who is building and growing his &ldquo;world&rdquo; as he calls it,&nbsp; who has built physical galleries, online platforms, food destinations, a current pop-up gallery in Los Angeles with plans for a permanent exhibition space there, who loves to drop names and sells to some of the finest collectors in Australia, operates his global business from his quiet, peaceful home in a tiny town, yes &hellip; back in country NSW. And he&rsquo;s not finished yet.

Michael Reid Galleries – Michael Reid building a global art business “ecosystem”  – from Sydney to Berlin, the NSW Southern Highlands to Los Angeles, while bootstrapping his scaleup and gathering people along the way

David Tudehope left the finance world in the early 1990’s with a dream to service small to medium business who complained of poor service and overcharging by the monopolist at the time, Telstra.  Tudehope wasn’t a digital expert nor a highly trained computer engineer. But he understood numbers, and that customers wanted good service, not delays and obfuscation. So he had his brother Aidan started a small business they called Macquarie Telecom, back in 1992, with only the savings the pair could scrounge up, and forged headlong into the ultimately capital-intensive telco space. This is long before the internet and smart mobile phones. But they took on the slow-to-change Telstra and stuck to their mission of offering better customer service and cheaper prices to the business customer.  In just over 3 decades they’ve built (now named) Macquarie Technology Group into one of the Top 300 listed companies in Australia, with a market capitalisation of over $1.5 billon, offering major clients like the ATO, Officeworks and PayPal still telecom, but now cloud-based, cyber security services as well as massive investments in data centres to support the boom in AI.  David appeared on the Australian Financial Review’s Rich List 2024 alongside brother Aidan with an estimated net worth of over $900 million.

David Tudehope left the finance world in the early 1990&rsquo;s with a dream to service small to medium business who complained of poor service and overcharging by the monopolist at the time, Telstra.&nbsp; Tudehope wasn&rsquo;t a digital expert nor a highly trained computer engineer. But he understood numbers, and that customers wanted good service, not delays and obfuscation. So he had his brother Aidan started a small business they called Macquarie Telecom, back in 1992, with only the savings the pair could scrounge up, and forged headlong into the ultimately capital-intensive telco space. This is long before the internet and smart mobile phones. But they took on the slow-to-change Telstra and stuck to their mission of offering better customer service and cheaper prices to the business customer.&nbsp; In just over 3 decades they&rsquo;ve built (now named) Macquarie Technology Group into one of the Top 300 listed companies in Australia, with a market capitalisation of over $1.5 billon, offering major clients like the ATO, Officeworks and PayPal still telecom, but now cloud-based, cyber security services as well as massive investments in data centres to support the boom in AI.&nbsp; David appeared on the&nbsp;Australian Financial Review&rsquo;s&nbsp;Rich List 2024 alongside brother Aidan with an estimated net worth of over $900 million.

Macquarie Technology Group -  David Tudehope disrupts telco giant Telstra, building a phone, internet, cyber security, data centres and AI group to support business, now worth over $1.5 billion

Since Dr Sarah Crowe had her lightbulb idea, and invented her completely mobile, vision testing and glasses kit, then ran a trial in remote Papua New Guinea and started to show  the impact her OOXii Vision Kit could have, to medical professionals in India and Vanuatu, she was inundated with positive reaction. Here was a complete system not only offering mobile eye testing, but also durable glasses frames, with prescription lenses in them, were then dispensed on the spot to people in remote or under-served communities, thereby improving their vision right there and then, in their home communities. It was life-changing.  A fantastic entrepreneurial idea to fix a massive global problem.

But Sarah’s journey with OOXii Global and her mission to help fix the world’s vision has not been without its challenges and significant hurdles along the way.

Listen to Dr Sarah Crowe take up the story.

Since Dr Sarah Crowe had her lightbulb idea, and invented her completely mobile, vision testing and glasses kit, then ran a trial in remote Papua New Guinea and started to show&nbsp; the impact her OOXii Vision Kit could have, to medical professionals in India and Vanuatu, she was inundated with positive reaction. Here was a complete system not only offering mobile eye testing, but also durable glasses frames, with prescription lenses in them, were then dispensed on the spot to people in remote or under-served communities, thereby improving their vision right there and then, in their home communities. It was life-changing.&nbsp; A fantastic entrepreneurial idea to fix a massive global problem.
But Sarah&rsquo;s journey with OOXii Global and her mission to help fix the world&rsquo;s vision has not been without its challenges and significant hurdles along the way.
Listen to Dr Sarah Crowe take up the story.

OOXii Global – Dr Sarah Crowe helps more people see, with her mobile OOXii Vision Kit getting low cost, durable, prescription eye glasses to the millions who need better vision but cannot access eye glasses

Bronte Capital co-founder & Investment Officer John Hempton on why he follows corporate fraudsters & short sells shares; and why he was right about Europe’s big stock fraud, Wirecard, but HOW he still lost money on it.

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