Compound248 is back to host another episode of Business Breakdowns. His most recent podcasts have focused on digital infrastructure and today we continue with that theme, but with a twist. Our guest is Wall Street Legend Jim Chanos, famed for bringing a skeptical eye to a credulous world. Together, we walked through his short thesis on the US Data Center REITs, his bear case for commercial real estate, and some broader wisdom on how management can thoughtfully respond to short sellers. Let's get started.For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. -----Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @JoinColossus | @patrick_oshag | @jspujji | @zbfuss | @ReustleMatt | @domcookeShow Notes (00:03:30) - (First question) - His counter-narrative thesis of shorting traditional data centers(00:09:34) - How data center hyperscalers have been shifting the industry since 2016(00:12:14) - The size, margins, and depreciation profile of the data center industry(00:16:14) - The cash burn problem with digital REITs(00:18:30) - How he thinks about interest rates, liquidity, and leverage in the space(00:20:25) - More on why the value of these data centers is so elusive(00:21:57) - The extent to which macro tech slowdowns intersect with his thesis(00:23:13) - What investors see in these businesses that he discounts(00:26:59) - Risks for the short and the bull case for data centers(00:29:04) - Big concerns about the broader commercial real estate market(00:36:34) - The best way for operators to handle a short thesis about their company(00:39:49) - Critical mistakes he recommends managers avoid

Jim Chanos, a legendary short-seller known for his keen market insights, discusses the shifting dynamics of the U.S. economy and its global repercussions. He highlights the looming risks of another market bubble while shedding light on rising economic inequality. Chanos reveals why he believes we're in a "Golden Age of Fraud," illustrating how misinformation erodes trust in both markets and democracy. The conversation also draws parallels to the economic turmoil of the 1970s, emphasizing the role of social media in this new era of skepticism.

Tech experts Sam Altman, Michael Burry, and Jim Chanos join the podcast to discuss OpenAI, SpaceX, and Nvidia earnings. They explore SpaceX's potential as one of the largest companies in the world, OpenAI's challenges and valuation, and the future of Sam Altman. The hosts also delve into the rise in corporate buybacks and the performance of the stock market.

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.See omnystudio.com/listener for privacy information.

Today’s guests are Jim Chanos, famed short-seller and founder of Kynikos Associates, and Bethany McLean, contributing editor at Vanity Fair and the author of multiple books, including The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron.In today’s episode, Jim & Bethany cover all aspects of fraud. They share where we are in both the financial cycle and the fraud cycle, why we continue to see frauds since they first connected about Enron over 20 years ago, and the thin line between a visionary and a fraudster. We discuss the anti-short seller rhetoric that pops up every few months, the impact of social media on the rise and fall of companies, and the impact of stock-based compensation and adjusted earnings. As we wind down, Jim shares his concerns about the commercial real estate sector, and Bethany gives a preview of her book releasing this October. -----Follow Meb on Twitter, LinkedIn and YouTubeFor detailed show notes, click hereTo learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com-----Today’s episode is sponsored by Farmland LP. Farmland LP is one of the largest investment funds in the US focused on converting chemical-based conventional farmland to organic, sustainably-managed farmland using a value-add commercial real estate strategy in the agriculture sector. Since 2009, they have built a 15,000-acre portfolio representing over $200M in AUM.Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Legendary short seller Jim Chanos sat down with Luigi and Bethany to discuss the relationship between short sellers and our information environment, the fallout from the 'meme stock' craze, the effects of the Federal Reserve's interest rate policies, and how short selling can contribute to market efficiency and resilience.

In September China's second largest real-estate developer, Evergrande, missed an $83.5 million debt payment. Skeptics and bears on China have long said that its property market, which makes up some 30 percent of GDP, is over-leveraged and overheated. The recent news has people asking...are the bears right, and could this be China's Lehman Moment. On this episode we look at two sides of that argument, first with one of the world's most renowned bears on China, Jim Chanos who is the found of Kynikos Associates, an investment advisor focused on short selling. Then we take the a different view with Zhiguo He, a financial economist at the University of Chicago and faculty director of BFI-China at the Becker Friedman Institute for Research in Economics.

Jim Chanos, President and Managing Partner at Chanos & Company, discusses the attractiveness of the market, the future of short-selling, challenges for short sellers in the current market conditions, the impact of AI on investments, meme stocks, SPACs, and the speculative nature of the market driven by retail investors. The conversation also covers the difficulties of short-selling in a market influenced by private markets, doubts surrounding solar stocks and overvalued sectors, and the discussion on Tesla's annual meeting and Elon Musk's controversial pay package.

Jim Chanos, an expert in the stock market, joins the hosts to discuss stock market concentration, the Chinese stock market, risks and strategies in the current market, and predictions for a sharp decline in Q1 2024.

In this podcast, Anjee Solanki discusses the slowing of US retail sales in August due to higher gasoline prices. The news of Disney considering selling ABC to Nexstar is revealed by Chris Palmeri and David Westin. Jim Chanos shares his investment outlook and thoughts on China. Paula Vissing talks about Little Caesars being the official pizza sponsor of the NFL. And George Schultze discusses the current performance of the US equity market and opportunities for distress.