Short sellers add a great deal by identifying frauds, adding loqi shortsellers is a lot of times the true capitalist e exeactly. i think we're all better off for system we live in. There's been none better. But i think that it also helps to have a cop on the beat. Short sellers are, i've alten said, are the real time financial detectives,. whereas regulators and law enforcement tend to be financial archaeologists.
Our guest this week is renowned short-seller Jim Chanos, founder, and president of Kynikos Associates. Over the course of his long and successful career, Jim has publicly bet against companies like Enron, which Barron’s deemed the “market call of the decade, if not the past 50 years.” While many know him for these famous shorts, fewer know that Jim is also a passionate historian, and is a firm believer in the notion that history can act as a useful guide for investors today. In this wide-ranging conversation, we discuss:
- How Jim started his career in finance
- The Mississippi Bubble
- How past financial frauds and manias can be useful for modern investors
- Tesla
- Lessons from the Great Financial Crisis
- Jim’s financial history course at Yale and Wisconsin
- Theranos
And much, much more… we hope you enjoy.