James Chanos
James Chanos
James S. Chanosis an American investment manager and currently serves as president and founder of Kynikos Associates, a New York City registered investment advisor that is focused on short selling...
NationalityAmerican
ProfessionBusinessman
CountryUnited States of America
marginal next people trade trading
The marginal people on the trading desks, there's no skill set. If they don't trade derivatives, I don't know what they can do. The next stop is driving a cab.
investment saving
The investment we're all looking for is actually saving labor... Look at what the internet is doing to retail.
excess credit bigger
Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China.
numbers chinese growth
The Macau casinos have a wonderful business, it's taking in money from Chinese businessmen elsewhere who send it through junky companies to casinos to gamble. The growth continues and they have basically western managers and western accounting, so we trust the numbers a little bit more.
records sovereign lending
So you know, everyone points out Greece's default record, but the history of a lot of sovereign nations is not a good one when it comes to lending them money.
evil derivatives done
Derivatives in and of themselves are not evil. There's nothing evil about how they're traded, how they're accounted for, and how they're financed, like any other financial instrument, if done properly.
simple dubai office
Dubai was a property bubble. Plain and simple. Go to Dubai and see what happened. It was... what I call it the 'Edifice complex' - it's just, we can grow by putting up lots and lots of buildings and trying to attract people to come here, stay here, and put up offices here and sooner or later, you put up too many.
cacophony noise way
If you're a short-seller, that's a cacophony of negative reinforcement. You're basically told that you're wrong in every way imaginable every day. It takes a certain type of individual to drown that noise and negative reinforcement out and to remind oneself that their work is accurate and what they're hearing is not.
government australia tails
Our concerns about what we saw in Australia: an economy clearly tied to China has hitched its wagon to the tail of the tiger. In terms of the general complacency, what we heard over and over from investors and clients and potential clients is, 'yes, yes, there are some excesses, but the government will figure out a way.