Uploaded July 2026 | Updated September 2026, 3 weeks ago
In this episode on The Friendly Bear, David Capablanca (aka Reverselong) sits down with William Coz, founder of Activ8 Insights — the leading data platform and newsroom covering the entire activist short-selling world. They met in person at the Friendly Bear Conference in Mexico City (and connected earlier through an Activ8 journalist in Buenos Aires). This is pure gold for anyone who short sells, follows short reports, or wants the real track records behind the biggest names.
Timestamps:
0:00 – Intro & how David and Will met (Mexico City + Buenos Aires connection)
2:03 – Will’s background: from The Big Short to corporate finance to launching Activ8 Insights in 2023
7:20 – History of internet short reports (Asencio, democratization of the printing press)
14:52 – Why speed, leveling the playing field, and the permanent paper trail changed everything
16:32 – How Activ8 Insights works today (newsroom + data platform + API)
21:50 – Top short report outlets ranked (Fugazi’s insane numbers + Night Market, Iceberg, White Diamond, Muddy Waters, Wolfpack)
26:05 – Qualities of the absolute best short reports historically
28:50 – Will’s favorite short report of all time + why 2026 is on pace for a record year
31:20 – Activ8’s goals + the future of short selling with AI
40:30 – New features dropping soon (qualitative archetypes, Short King Mode)
44:05 – Friendly Bear Conference + closing
Key numbers dropped in the episode:
Fugazi Research: 21 reports tracked, ~94% hit rate, average monthly decline of 56%
2026 pace: already 134 reports from 39 firms (on track for 256 — biggest year ever) vs.
2025: 221 reports from 45 firms
Links mentioned:
Activ8 Insights (dashboard, free education, API, monthly rankings, Short King): activ8insights.com
Pre-order Short Selling Master by David Capablanca (Harriman House, out August 4, 2026): amazon.com/Short-Selling-Master-Proven-Strategies/dp/1804093289
Friendly Bear Conference 7 — October 12, 2026 | 51st floor City Club LA with Tom Hougaard. Tickets will sell out. Short Kings welcome:
friendlybearuniversity.com/conference (or friendlybearconference.com)
--------------------------------
Don't miss our next big trading conference in Los Angeles on October 12, 2026 ft. Tom Hougaard!
friendlybearconference.com
✅Learn Trading IN-PERSON from me 1-on-1:
form.typeform.com/to/O1Yiz8LX
📕My Book Short Selling Master:
shortsellingmaster.com
My Trading Tools:
📉Cobra Trading (Broker): get.cobratrading.com/friendlybear
Click the link and get 33% off commissions for life as well as one month of free DAS Trader Pro platform.
🤖AskEdgar SEC Filings Research Tool: askedgar.io/?linkId=lp_425559&sourceId=friendlybear&tenantId=ask-edgar
Use Code friendlybear for 25% off for AskEdgar, the new standard for researching SEC filings
📊EdgetoTrade:
app.edgetotrade.com/?via=FRIENDLYBEAR15
Use coupon code FRIENDLYBEAR15 for 15% off EdgeToTrade, the financial research platform for traders.
🔎Stock Analysis Pro:
stockanalysis.com/pro/trial/?ref=davidkk
Get unlimited access to all financial data and tools.
▶️Become a Friendly Bear Research YouTube member:
👉youtube.com/channel/UCmq93bRnn9vD0dUPTutSkgQ/join
🇪🇸 Subscribe to our Spanish Channel:
👉youtube.com/@UCK6dT2GXq8VurgKXS9g5PWQ
--------------------------------
✅My REAL Social Accounts:
LinkedIn: linkedin.com/in/davidcapablanca
IG: instagram.com/reverselong
X: twitter.com/reverselong
DISCLAIMER: Using the same trading broker as me doesn’t mean that you will instantly make millions in trading, but I only recommend products that I have used and truly believed in. Now, back to the video.
In this episode on The Friendly Bear, David Capablanca (aka Reverselong) sits down with William Coz, founder of Activ8 Insights — the leading data platform and newsroom covering the entire activist short-selling world. They met in person at the Friendly Bear Conference in Mexico City (and connected earlier through an Activ8 journalist in Buenos Aires). This is pure gold for anyone who short sells, follows short reports, or wants the real track records behind the biggest names.
Timestamps:
0:00 – Intro & how David and Will met (Mexico City + Buenos Aires connection)
2:03 – Will’s background: from The Big Short to corporate finance to launching Activ8 Insights in 2023
7:20 – History of internet short reports (Asencio, democratization of the printing press)
14:52 – Why speed, leveling the playing field, and the permanent paper trail changed everything
16:32 – How Activ8 Insights works today (newsroom + data platform + API)
21:50 – Top short report outlets ranked (Fugazi’s insane numbers + Night Market, Iceberg, White Diamond, Muddy Waters, Wolfpack)
26:05 – Qualities of the absolute best short reports historically
28:50 – Will’s favorite short report of all time + why 2026 is on pace for a record year
31:20 – Activ8’s goals + the future of short selling with AI
40:30 – New features dropping soon (qualitative archetypes, Short King Mode)
44:05 – Friendly Bear Conference + closing
Key numbers dropped in the episode:
Fugazi Research: 21 reports tracked, ~94% hit rate, average monthly decline of 56%
2026 pace: already 134 reports from 39 firms (on track for 256 — biggest year ever) vs.
2025: 221 reports from 45 firms
Links mentioned:
Activ8 Insights (dashboard, free education, API, monthly rankings, Short King): activ8insights.com
Pre-order Short Selling Master by David Capablanca (Harriman House, out August 4, 2026): amazon.com/Short-Selling-Master-Proven-Strategies/dp/1804093289
Friendly Bear Conference 7 — October 12, 2026 | 51st floor City Club LA with Tom Hougaard. Tickets will sell out. Short Kings welcome:
friendlybearuniversity.com/conference (or friendlybearconference.com)
--------------------------------
Don't miss our next big trading conference in Los Angeles on October 12, 2026 ft. Tom Hougaard!
friendlybearconference.com
✅Learn Trading IN-PERSON from me 1-on-1:
form.typeform.com/to/O1Yiz8LX
📕My Book Short Selling Master:
shortsellingmaster.com
My Trading Tools:
📉Cobra Trading (Broker): get.cobratrading.com/friendlybear
Click the link and get 33% off commissions for life as well as one month of free DAS Trader Pro platform.
🤖AskEdgar SEC Filings Research Tool: askedgar.io/?linkId=lp_425559&sourceId=friendlybear&tenantId=ask-edgar
Use Code friendlybear for 25% off for AskEdgar, the new standard for researching SEC filings
📊EdgetoTrade:
app.edgetotrade.com/?via=FRIENDLYBEAR15
Use coupon code FRIENDLYBEAR15 for 15% off EdgeToTrade, the financial research platform for traders.
🔎Stock Analysis Pro:
stockanalysis.com/pro/trial/?ref=davidkk
Get unlimited access to all financial data and tools.
▶️Become a Friendly Bear Research YouTube member:
👉youtube.com/channel/UCmq93bRnn9vD0dUPTutSkgQ/join
🇪🇸 Subscribe to our Spanish Channel:
👉youtube.com/@UCK6dT2GXq8VurgKXS9g5PWQ
--------------------------------
✅My REAL Social Accounts:
LinkedIn: linkedin.com/in/davidcapablanca
IG: instagram.com/reverselong
X: twitter.com/reverselong
DISCLAIMER: Using the same trading broker as me doesn’t mean that you will instantly make millions in trading, but I only recommend products that I have used and truly believed in. Now, back to the video.
