The company allegedly deceived its major partners and investors like walgreens and albertson's. I think that, from a diversity point of view, my opinion is she probably played that and immediately used it an agency basis to buy respectability. It did not hurt that it was run by a woman. We are often swayed by people and not facts. So we always want to go back to that. And if people had actually started to ask the right questions, as wall greens actually did,. One of the most jawdropping parts of that story was wall greens did what they have done. They hired an expert to do due diligence, did the due diligence, the company blocked him at basically
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.