Odd Lots

Jim Chanos on Crypto, Tech and the Golden Age of Fraud

Nov 23, 2022

Jim Chanos, a legendary short seller and co-founder of Chanos & Co., shares his sharp insights on the tech and crypto sectors. He discusses how fraudulent practices often emerge during economic booms, only to be revealed in downturns, akin to the dot-com bubble. Chanos emphasizes the risks tied to stock-based compensation and its cyclical nature. He also touches on the tactics of financial scammers and the importance of regulatory responses, shedding light on the complex interplay between traditional finance and the crypto world.

32:47

Creator website

Episode guests

Jim Chanos

Highlights

AI Chapters

Episode notes

The Quintessential Moment

00:50

The Fraud Cycle Follows the Financial Cycle

01:27

Are We Close to a Bottom?

00:43

Intro

2min

Navigating Market Downturns: Revelations and Risks

11min

Exploring Financial Fraud and Regulatory Responses

3min

Fraud Dynamics in Economic Cycles

9min

Exploring Financial Crime Tactics and Digital Safety Tools

2min

Navigating Market Challenges and Investment Strategies

10min

Special Live Event Announcement and Business Insights

2min

Earlier this year we talked to the legendary short seller Jim Chanos, during which he warned of more pain ahead for speculative areas of tech. That call proved to be prescient by a number of measures. So where are things now? We spoke to Chanos again at the recent Berkeley Forum on Corporate Governance in San Francisco. We discussed frauds, crypto, and the pro-cyclical effects of stock-based compensation.

Note: This episode was recorded on November 9th, 2022. We're publishing our usual Thursday episode one day early due to the Thanksgiving holiday in the US.

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