Category Archive

In his interview in the book – Efficiently Inefficient, Jim Chanos reflects on the challenges of short selling, emphasizing that it’s not simply the inverse of going long. He highlights the behavioral difficulty of staying short in a market that overwhelmingly promotes positive news about stocks, making it emotionally taxing … Read More

During his recent interview with Bloomberg, Jim Chanos observes that the current market is as speculative as early 2021, the most speculative period he’s seen in 45 years. He points to the resurgence of meme stocks and SPACs as evidence. Chanos notes Wall Street’s ability to generate financial products irrespective … Read More

During his recent interview with Capitalisn’t, Jim Chanos describes a phenomenon observed in bull markets where investors, despite knowing the risks, are drawn to fraudulent, aggressive, and questionable companies for extended periods. This “irrational exuberance” is attributed to two factors: Systematic risk: This refers to the inherent uncertainty of the … Read More

In this interview with CNBC, James Chanos explains that regardless of the economic cycle, people’s susceptibility to believing narratives over facts increases the longer the cycle stretches. This leads to poor financial decisions in both bull and bear markets. In bull markets, greed takes over, and people chase “too good … Read More

In this interview with the MRKT Call Podcast, Jim Chanos discusses the existence of “animal spirits” in the market, where emotions like speculation and short covering, rather than fundamentals, are driving prices. He cites unprofitable companies experiencing significant stock price increases as evidence of this emotional trading. Here’s an excerpt … Read More

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More

In this interview with Bloomberg, Jim Chanos argues that stock prices are opinions based on facts, and that it is important to hear both positive and negative opinions in order to make informed investment decisions. Here’s an excerpt from the interview: Chanos: You’d be wise to at least hear what … Read More

During his recent interview with Meb Faber, Jim Chanos explained why it’s so difficult to value U.S companies. Here’s an excerpt from the interview: Chanos: I have a bigger concern as it relates to our discussion about the 50 times earnings for Enron or 50 times revenues for Beyond Meat, … Read More

Included in his Yale Class Syllabus, Jim Chanos discusses some lessons from the Enron Scandal. Here’s an excerpt from the syllabus: Bethany McLean, then a Fortune writer, broke the Enron scandal in 2001. She quotes one employee explaining how the accounting and auditing process worked at Enron: “Say you have … Read More

During his recent interview with RiskReversal Media, Jim Chanos discussed the bigger credit event that’s coming for regional banks. Here’s an excerpt from the interview: Chanos: With the proviso that never underestimate the ability of the government to screw things up. I mean our view is that this is not … Read More

In his recent interview with New Economic Thinking, Jim Chanos discussed the egregious fraud that is occurring right in front of our faces. Here’s an excerpt from the interview: Chanos: The most prominent is right in front of our faces by the aggressive use of proforma reporting metrics by corporate … Read More

During his recent interview with The Market, Jim Chanos explained why this reminds him of October 2000. Here’s an excerpt from the interview: Chanos: Sentiment still seems pretty frothy to me. We have stocks doubling again in the month of January, retail volume in the NYSE as a percentage of … Read More

During his recent interview at the iConnections Global Alts Conference, Jim Chanos discussed a major problem is ‘positioning’ now matters more to investors than fundamentals. Here’s an excerpt from the interview: Chanos: Well we were talking before this panel in the Green Room about how the fact that nobody looks … Read More