This interviewer WAS PREPARED!!!!! Questions loaded. Asked and the let person ANSWER! Fantastic performance. Need this woman on CNBC

@sjbdeebo2

3 жыл бұрын

need to get rid of cnbc

@chrisbrandlon1614

3 жыл бұрын

There's a reason the best financial journalists are NOT on CNBC lol

@realeconomy5348

3 жыл бұрын

No, to be on CNBC you have to be a stock pumping propagandist.

@chinchang5117

3 жыл бұрын

U see, the interviewer is an Asian, a chinese. Chinese people are generally raised up to be respectful.

@sachindubey170

3 жыл бұрын

@@chinchang5117 that’s certainly not true bro 😂

Fantastic interview! Kudos to the reporter for asking well thought out questions and allowed Mr. Chanos to finish his thoughts. Bloomberg > CNBC

@harrymaguire7005

3 жыл бұрын

Yes yes yes 100x yes. SHE CAME PREPARED

@liolio4198

3 жыл бұрын

CNBC is fake news

@MrClaudiuzz9

3 жыл бұрын

CNBC is for personalities and pundits.

@chinchang5117

3 жыл бұрын

U see, the interviewer is an Asian, a chinese. Chinese people are generally raised up to be respectful.

Tremendous respect for this man. To pick companies to short and be right about it, whether its related to fraudulent behavior or overextended valuations, is a million times harder than simply going long. Not to mention, the nerve and mental fortitude it takes to go against the herd.

@drtyjrze

3 жыл бұрын

So work harder and make less money? Yea, that doesn’t seem smart or respectable. The purpose of the market is to make money.

@Mondrayish

3 жыл бұрын

@@drtyjrze Since when was shorting "making less money"? And going short takes about as much time and work as going long. Unless your only research is "stonks only go up".

@drtyjrze

3 жыл бұрын

@@Mondrayish look at the market the last 10+ years. If you went long the market you’re up big. If you’re a short you had to pick and choose the correct companies to short and time it correctly. Not sure what’s difficult to understand about which was more difficult AND less profitable.

@Mondrayish

3 жыл бұрын

@@drtyjrze Ya thought so. Yup, you're right. Stonks only go up! SPY 450!!

@drtyjrze

3 жыл бұрын

@@Mondrayish I didn’t say that, but you’re the smartest person in the room! Keep shorting, a broken clock is right at least twice a day. Your time will come, eventually.

Scarlet Fu has asked some excellent questions. Thank you. A great interview with a legend.

@Driven-Productions

3 жыл бұрын

Agreed. Well done

@Billybobthor

3 жыл бұрын

Agreed!

@AWildBard

3 жыл бұрын

what the hell, is that really her name or a nick name?

@Stoneface_

3 жыл бұрын

@@AWildBard yeah

Someone tell Jim that stonks only go up

@billybobhobnob101

3 жыл бұрын

There were times I thought none of the fundamentals support these prices but as John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.”

@azeliaspank

3 жыл бұрын

It literally can't go tits up

@laur-unstagenameactuallyca1587

3 жыл бұрын

STOnKS

@nodehead9475

3 жыл бұрын

no it goes down everytime

This is the first that I heard about him trimming his TSLA short. He had to. His short started when TSLA was 10% of today's price.

@xyzzy4567

3 жыл бұрын

My basic take is that Tesla is a tremendous company, but perhaps someone overvalued. My beef with Chanos is that he’s been making completely bogus claims about Tesla for years. It’s one thing to say the company is overvalued, it’s another thing to go below the belt and talk about executive turnover, “competition is coming”, and all the other tropes that have been completely discredited. I actually agree with a lot of what Chanos said about certain areas of the marketing being overvalued. Just think he’s been really off base about Tesla.

@antonystringfellow5152

3 жыл бұрын

@@xyzzy4567 I agree with Chanos about TSLA being overvalued. I think it's been overvalued for at least the past 12 months. A great company with probably a very bright future - just overpriced imo. The main risks with shorting a company like TSLA are, a) Short-term stock prices are largely based on faith, b) Growth stocks grow so the longer you hold the short, the more likely you'll end up being on the wrong side of the trade. Any shorting is very risky as you can lose many times you're stake but there's a HUGE difference between shorting a company that's committing fraud or who's market is shrinking and shorting a growth stock that you think is simply overpriced.

@violarulez

3 жыл бұрын

if only he had waited until now to take his position, maybe he would have a chance. although it's possible their eventual profits will catch up to the extreme overvaluation right now. tesla seems so dominant now, but also, barely any people drive electric vehicles, it is a nascent industry.... think of what we'll see in ten years. so I think it is a mistake to see tesla's continued dominance as a given. My issue really is that you have to be a contrarian POS to go out of your way to boldly take this position when so many other companies are clearly more likely to fail, or have CEOs without a proven track record, etc.

@skadistyr8449

3 жыл бұрын

@@violarulez I think the main problem here is, that other companies catched up. Audi E-Tron, Porsche Taycan are attacking the Model S, then there are Hyundai Ionic/ Kona / ID 3. All these cars are cheaper than a Model 3. ATM, there is no direct competitor to the model 3, but this market is small. Why compete with the best technology, when you can beat the "best" technology in all other (price-) fields. My opinion on Tesla is, that the space that it can occupy is to small for its market evaluation. The market it hast is worth max. 30 billion dollars. I forgot the model Y, ah yes, there are Volvo XC40, Polestar, BMW IX3, Hyundai Ionic 5. And all of these are great cars. One comment towards Audi/Porsche vs. Tesla. The Tesla has the better performance, but the german cars are on another quality level. If I spend 100k, some flaws with Tesla cars are not acceptable. But, I would also not spend 100k on a car...

@gwills9337

Жыл бұрын

Terrible call. He's just shorting shit he doesn't like or understand. He's probably bearish BTC and crypto as well

How refreshing to see a very good interview. Bravo Scarlet and Bloomberg.... really fantastic job.

Believing the "...government has my back.." is actually just an extension of Wall Street's mindset of personal upsides and social downsides, which has served many on the Street well over the past twenty years.

@coreyham3753

3 жыл бұрын

Very true. The FED is the most interventionist entity in the USA. When are american citizens going to understand that we have massive corporate socialism in the country.

@falcon127

3 жыл бұрын

GOVERNMENT/WALLSTREET COLLUSION! *** PICK THE AMERICAN CITIZENS WORST ENEMY: 1. THE CCP, 2. THE TALIBAN/TERRORISTS, 3. THE US GOVERNMENT/WALLSTREET CABAL & DEBT.

@STELLASCUTENESS

3 жыл бұрын

.....except that the average person’s pension, stock, or retirement portfolio has benefitted the whole way.

So the movie "Margin Call" has come to reality.

LOL Melvin knows it feels like to be a burned short :) GME

"if people are willing to believe criminals, until criminals themselves admit the crime, you have a very speculative market". Art imitates life, the stock market imitates life.

He talks about Tesla from 15:00

Every high schooler has a Robinhood account. 1929 all over again.

@scottherron

3 жыл бұрын

I can't go a day without overhearing some random person talking about their stock portfolio, only a matter of time.

@felixf4378

3 жыл бұрын

I've been in the stock market since 2014 (when I turned 18). Never heard anyone my age talk about the stock market, until now. Now everyone seems to be in the market.

@bestvidsdottk

3 жыл бұрын

@@felixf4378 OMG wow you are so amazing! Everyone was talking about bitcoin a decade ago. You're not special.

@gr1iev3r10

3 жыл бұрын

that sounds crazy....so you mean young people just playing with their phone and saying they are buying stocks? can you give me some more examples? when did you recognized it the first time?

@s4nder86

3 жыл бұрын

@@bestvidsdottk At least he doesn't hate himself like you do.

It must be understood that valuations are RELATIVE and should not be looked at in a vacuum. When equities are overvalued according to commonly-used metrics, it does not mean a correction is imminent. People are not going to take cash out of equities to shove under their mattresses. If the risk/return on other asset classes is relatively less attractive than that of equities, stocks will continue to do well. It is all about the relative risk premium spread. Even if equities are overvalued, a large spread will keep money in the stock market until the spread lessens.

@fendermon

3 жыл бұрын

Interesting post Mark. What is a risk premium spread? Thanks.

@marka7903

3 жыл бұрын

@@fendermon Hi fendermon. Consider risk premia for a moment. Risk premia is the risk (measured as volatility - since there is no other way) and average return function of each asset class. The asset classes with lower risk premia, such as short-dates treasuries, offer a lower average return. While assets like equities, which have much higher volatility and payout a higher average return over time, have a higher risk premia by their nature. The relative risk premium "spread" is the difference in the risk premia between the asset classes. If the spread between, say for instance bonds and equities, becomes quite small, you will see an outflow from equities and an inflow into bonds, as investors can almost achieve the same returns for a much lower level of risk. The opposite can also happen - the spread can be so wide that even though equities are overvalued, the risk/return profile on equities might be far more attractive

This makes me feel jacked to go study and practice my fin accounting text books .

@jmitterii2

3 жыл бұрын

Started as a finance major back in 2003... after a few years realized what crooked stupid financial system we have, the way it functions completely from retail retirement firms, literally Washington Mutual wanted me to broker for retirees or soon to be retirees and I got an incentive to put them in to particular investments, not investments that would necessarily benefit them the most. And then there's everything else, it just gets more ridiculous.

Fantastic interviewer. Good information from the short side. Thumbs up.

Reminds me of when Cramer used to call Amazon "the river of no returns," and when Mark Cuban said the market would crash if Trump was elected.

@ricomajestic

3 жыл бұрын

Didnt Trump say the same thing about Biden. The market hit all time records instead. The DOW loves Biden.

@dansheehan6828

3 жыл бұрын

@@ricomajestic I believe what the market really likes is Divided Government

@rodf9000

3 жыл бұрын

The market just likes massive liquidity, negative real rates, and people doing stupid things with their money!

@commentmachine1457

3 жыл бұрын

the market did once crash into a record low in April though, for the record.

@Joe55348

3 жыл бұрын

Comment Machine yeah it did and nobody was expecting it to happen, and now that it happened, everyone thinks they’re a genius predicting the next unrealized market crash.

Ms. Fu coming with good and witty questions. Gave me a few good chuckles.

shorted tesla since 2015? even a crash wouldn't get that money back

@helldeirch

3 жыл бұрын

@@znome8500 down to $50? I doubt it

@ouethojlkjn

3 жыл бұрын

@@znome8500 The Fed is holding everything up. With a gun. At least regarding shares

@znome8500

3 жыл бұрын

@@helldeirch you said $50 not me.

@ouethojlkjn

3 жыл бұрын

@@znome8500 So when you remarked that "the fed was holding up Tesla" - what did you mean? That the fed is only holding up Tesla's share price and not all the shares in the rest of the market?

@ouethojlkjn

3 жыл бұрын

@@znome8500 Maybe you might want to re-check the S&P 500 entry criteria and re-visit your last incorrect comment. However we still need to deal with your earlier remark about the market, the fed, and a myth.

What a good conversation to bring out real insights..

Great interview. Always a pleasure to hear Chanos. Strongly agree with him, specially on the fact that there are crazier valuations than Tesla on the EV market (workhorse, nikola, etc).

wow...this interview is actually extensive and informative unlike the soundbites you get out of CNBC

Scarlet Fu for MVP. Excellent interview!

Basically this guy has been getting wrecked for a year.

@jamesfish2132

3 жыл бұрын

Bruh 😂

@sparcx86channel42

3 жыл бұрын

Like Peter Schiff

@therealalansmith

3 жыл бұрын

@@sparcx86channel42 Peter Schiff is a one trick pony, whose trick was housing back in 2008. Nowadays he will spew his doom porn to anyone who will listen and have him on. And buy HIS gold and HIS newsletter which I suspect is how he really makes his money. Schiff doesn't have the skills or intelligence to be in Chanos' league of investing. But Peter will be right again, like a broken clock.

@SkeeNnN

3 жыл бұрын

​@@sparcx86channel42 You do realize that Peter Schiff doesn't have any short positions right? He's bullish on gold, a strategy that seems to have worked out just fine in 2020.

@therealalansmith

3 жыл бұрын

@M. M. I disagree entirely with that. Although I don't fully trust Ray Dalio's motives all the time, I would take his assessment over Schiff's. From watching the past year to going back to 2008, Schiff's the same. And Schiff hasn't (to what I am willing to see) figured out that the powers that be will move the entire universe to prevent another Great Depression or not. If your only answer is to buy gold (and only gold) during this time that's too myopic. I believe that's similiar to what caused Hugh Hendry to throw in the towel in the last decade is things didn't go his way.

Great interview - appreciate listening to market experts like JIm Chanos of #kynikos share their perspective and insights - Potential Trades - short IBM, short highly priced commercial REITS and beware of shorting TESLA , yet chinese EV on the short list for shorting

Great honest interview.

Short--Sellers used to be like Dentists ,Budget Airlines and Lawyers (Hated ) and now their the Honest John Heroes exposing crap like Wirecard , Nikola the list goes on , strange world

He's so happy about loosing other people's money. He probably shorted gamestop too.

@patsavage1245

3 жыл бұрын

No, he shorted Robinhood.

@johnwolf2829

3 жыл бұрын

@@patsavage1245 Oh boy, I really HOPE so! :D Let's do Silver next.

@TheMaverickofWallStreet

3 жыл бұрын

He discovered the Fraud of Enron, Lehman, Luckin Coffee and Wirecard and shorted them, He's not short GameStop

@disillusionedanglophile7680

3 жыл бұрын

@@ryanschneer Theranos? Another billion dollar scam. The elites are so smart

@siddharthsharma8940

3 жыл бұрын

@@disillusionedanglophile7680 Only the elites fell for that scam.

I I like how this guy want to identify fraud and short that - this shows that not every short seller is doing ethically wrong things

@gwills9337

Жыл бұрын

"fraud" and "bad business practices" are just buzz words. The entire industry is like this. He shorted Tesla so you know his clock isn't perfect.

This talk gives the market another leg up. Market will correct when the corona virus is no longer such big issues

@Iburn247

3 жыл бұрын

Agreed. This is all just a massive pump for tutes to unload. They got caught off guard with the rona drop so they are making sure they can exit positions in profit 😂

23:18 Scarlet realized her long IBM position is fuuuuugt ;)

@gr1iev3r10

3 жыл бұрын

i think ibm made their biggest mistake by buying red heat for 34 billion. i liked them before, but after this i quit my position

@StillStealSteel

3 жыл бұрын

seriously. She was writing "SHORT IBM!"

@georgesamaras2922

3 жыл бұрын

ibm is boomer tech

@thomas316

3 жыл бұрын

@@georgesamaras2922 Nah but the boomers milked it for every last drop of divs when Ginni Rometty was CEO. Now it's a mountain of debt supported by declining cashflows.

To put Tesla solely in the category of selling cars is where he's dead wrong. Data collection and A.I. are disrupting the entire foundation of transportation. It's unfortunate that Chanos lacks the vision to invest in it rather than waste so much money and energy trying to fight it. The future is now.

I thought Tesla was his “highest conviction short” lol

He was saying on CNBC one year ago the Zillow is a once in a lifetime short at $40 and now the price has tripled. Wonder if he is still in that trade

Great stuff, always a pleasure to listen to Jim Chanos. And to the “short haters” - ethical short traders do the market a service in helping uncover fraud and price assets more correctly. I’ve been long the market this year but I respect Chanos and his work. If you think him or other shorts are dumb, by all means bet against them and enjoy whatever money you make... but I don’t get why people make it personal. It’s a market folks, you couldn’t buy any stock if there weren’t people on the other side wanting to sell.

Must be bad Jim had to sell his curtains and put up a bedsheets

@gerry.shafer6101

3 жыл бұрын

😄 😄 😄

@altonriggs2352

3 жыл бұрын

No..thats the lobby of Motel 6..best he can do now.

Go get them Jim Chanos. Thanks for your work.

Such a good poker analogy around the 8:00 mark

Chanos is a smart and diligent investor whom I think will eventually be proved right. However, his big mistake is overlooking the fact that the markets can stay irrational longer than one can stay solvent. Timing the markets is a fool's errand.

@ecraigs00

3 жыл бұрын

Naw bruh.

@imho7250

3 жыл бұрын

True. Solar City was about to go bankrupt before Elon did a bailout. And even though Solar City has only been a liability for Tesla, so far both Solar City and Tesla shareholders have been rewarded, so they didn’t complain and this late in the game have no basis to complain. They all had time to gain 1000% and get out. It will be interesting to see if the right people are put in place to get the market back in balance. Offer 5 year 10% APR CDs like back in the late 80s and see how much stupid money moves out of TSLA and into safety. It’s absolutely crazy how many are willing to risk losing all their savings just because there is a temporary period were interest earned is slightly less than inflation. Covid, unemployment, foreclosures, medical bills. It’s all about to get crazy as we enter the deep cold winter and people will be gathered inside crowded placed. Who will keep buying luxury cars when nobody has extra money? Governments are starting to push the welfare burden onto those who have small investments like a rental house, and allowing tenants not to pay without fear of eviction. Chanos knows Tesla is still not stable. Even Elon knows it. Once VW, Ford and a few others kill the ZEV credit market, Tesla is back to losing money each quarter again. Only now they have loses spread out among more factories. Many TSLA holders will be posting “Buying the dip, this is a great sale”, while actually selling some hoping the new Robinhood investors are still buying.

I love it when people come onto the various media pulpits and start preaching their self-interest. Or...to go with the Wall Street vernacular, talking their book. Well we see what you're doing there buddy. Good luck with it. John~ American Net'Zen

Don't worry he averaged in TSLA short and covered his position late March 2019

@vincbestia

3 жыл бұрын

that would be a hypocrite. He is so impervious to all people company hires, materials buy from company's, economy it creates.

@Joe55348

3 жыл бұрын

vincbestia he’s probably right, that likely happened.

Risk mgt of trade based on% of capital vs stop loss...nice gem💎

wow! what an interview!

Great interview

Love Jim. But the thing is tsla is a data company, they collect data every time someone drives a Tesla. Data is everything. Also think Roku is so overvalued

@foolelite

3 жыл бұрын

Roku's market cap is $37B; which is around 30x its sales of $1.2B TTM. It may be overpriced, but its a growth company. It has grown revenue 40% and 50% over past years. Thats pretty damn good for the already competitive streaming industry imo. Dont just look at stock price ya know.

@michaelwilhelm2148

3 жыл бұрын

I agree with your post, but would only advise people to buy Roku on a 30% pullback. There's a lot more runway for this stock in 2021

@Inbal_Feuchtwanger

3 жыл бұрын

Youre right. Maybe as a car company they could be valued reasonably at $50B or so. But they collect data, so that adds another $500B to their market cap. I looked at Teslas revenues and almost all of it is from selling automobiles, but dont be fooled by that, they arnt a car company. They may not make any money from it, but they are a battery and data company. Google collects so much more data though, there is no comparison. So they should be worth 500 Trillion dollars.

@kingthing89

3 жыл бұрын

@@Inbal_Feuchtwanger 500 trillion???? apple is 2 trillion lmao

@rodf9000

3 жыл бұрын

So when will Tesla start making money on their data!? What good is data if you can’t monetize it? What good is growth if you can’t make a profit on it? Reminds me of the old joke: Our prices are so low we lose money on every sale! How do we make money? Volume, volume, volume!

I remember when GM and GE were successful companies. I lost big on both.

@george4vIogging

3 жыл бұрын

Chin up. You live and you learn!

@PhongNguyen-nz9kz

3 жыл бұрын

You only lose if you sell it at a loss. They aren’t bankrupt so cash out later.

@id10t98

3 жыл бұрын

GM and GE were never successful companies. They were a house of cards built on sand foundations of their ridiculous financial arms, which caused them to be TBTF and need taxpayer bailouts.

@PhongNguyen-nz9kz

3 жыл бұрын

@@id10t98 they have only been around for a 100 years. They were successful and are still making billions. Probably more then all of us put together. Maybe currently they aren’t as profitable as they once were but to say they are not successful is not accurate.

@id10t98

3 жыл бұрын

@@PhongNguyen-nz9kz GM was a dinosaur car company back in the 1970's, producing junk still to this day. GE used to build decent appliances, jet engines and nuclear power plants. Jack Welch ruined the company by focusing it into a financing company and it killed the company. Investing in them is dead money.

THE SHORT SELLER FOR GE SURE MADE IT A BUY !! IT DROPPED AND HAS BEEN GOING UP AND UP SINCE !!

My respect to Chanos .. very rare to see such experience guy. Like the reason he short Tesla.. hope you win in long run.

Scarlet looks like The Humbled Trader 10 years into the future...

@hamonrye9823

3 жыл бұрын

Lmao

Poor short sellers these last couple months

Very interesting video ! I will never short a stock though, the perfect example of what could go wrong can be seen with Tesla...

@xyzzy4567

3 жыл бұрын

Dude has balls of steel. That much can be said. I actually agree with him on most of what he said. Tesla was a major miss though-will be hard to live that down.

I think Jim is sore after how Tesla stock has done

@thetagang6854

3 жыл бұрын

The man has been talking s**t about Elon & Tesla for the past 5 years. No doubt he's salty about 1) Being publicly wrong. 2) Missing the run up

@migo-migo9503

3 жыл бұрын

Does anybody know if he also shorted Amazon back in the days?

@thetagang6854

3 жыл бұрын

@@migo-migo9503 Nothing seems to come up

@kevcrid

3 жыл бұрын

@@migo-migo9503 Mark Spiegel tried shorting Amazon briefly in 2015, but as far as I know Chanos never did.

Biggest liers are the short sellers. And this guy is the champion.

If the Fed is giving you 0% interest to buy real assets you can't pass that up

Last time I checked if I’m rushed into hospital and die on the operating table I still have to pay the bill. Same with lawyers, some bozo renter sued me I win or loose they still get paid. Even when the financial markets go tits up again in say 2022/3 he’ll have some private stash of millions to pay for his Bentley and golf club memberships. It’s how the world works and WSB are taking these big guys down now but just wait, sure enough, apart from a handful of lads who actually made money on GME the regular folk like someone’s granny and you and I will loose our shirts. Remember Dec 2017 and Bitcoin ......

The greatest display of socialism is ironically the capital markets, both bonds and equity. The Fed has ALWAYS bailed out investors. So has the printing press of nearly all governments. Will this ever end? It hasn’t ever paid to bet against the fed but that is the black swan risk.

This guy makes money when companies go to the brink of bankruptcy. Macroeconomic aside, what a ruthless industry. I bet he was furious at the GME situation

Captain hindsight would love to show this interview.

Good interview.

Problem with shorting is your potential loss could be 10x your investment

@SurferTy

3 жыл бұрын

I am sure he his leveling his positions and going in with a controlled stop loss

@subaganesh232

2 жыл бұрын

Heard of options?

@xxxs8309

2 жыл бұрын

@@subaganesh232 options require accurate timing which is not easy to say the least

Tesla is no different than the tulip mania

@kirstinstrand6292

3 жыл бұрын

Go NIO.

Awsome Vid!!

I've been living under a rock sorry ... but what are those _really structural fundamental problems_ of Exxon he's talking about? Reply much appreciated.

I'm not a TSLA holder; but the company is not just an automobile manufacturer. They're a new energy powerhouse... battery supplier, mining, et. al.

@olegscherbina1493

3 жыл бұрын

no mining at Tesla

@ouethojlkjn

3 жыл бұрын

@@olegscherbina1493 I think mining = "The Boring Company"

I haven't seen a Tesla in weeks maybe months here in Texas... You get my point...

@wesleyt4109

3 жыл бұрын

They probably crashed and burned, literally.

Door Dash is proof of this, worth billions to deliver restaurant meals when restaurants are never coming back?

@ironworker5792

3 жыл бұрын

Great example of the hysteria in the markets. I saw all this back in 2000 era tech bubble, exact same situation.

Did he cover the tesla shorts yet?

How much do Mr. Chanos' positions depend on inevitably higher rates? Because "inevitable" looks to be a long time in coming.

@thorbenreuter5937

3 жыл бұрын

Not so long buddy

@midlander8186

3 жыл бұрын

@@thorbenreuter5937 Bear in mind my comment was written three months ago, but what might obtain is the market's driving rates higher but the Fed's maintaining its interest rate stance. Then banks would profit from the difference in interest rates. If it's not obvious, let me state plainly I'm not educated in finance. Nevertheless, I recall the Fed's reacting to higher market rates in the past. I don't know that it will do so now, and I don't know what will be the consequences of its determination to maintain low and apparently below market interest rates.

@viirusiiseli

2 жыл бұрын

@@midlander8186 It's taking a long time but hikes will be forced in, thanks to inflation. Even their phony official inflation gauge is going to pick up on the crazy inflation we have. It's just lagging because they use OER.

I think the VIX is still calling more upside here. To be mega short here lower premiums would be ideal. I like the concept he produces of picking particular scammy balance sheets.

He’s the 🐐 of shorts I follow the same thing No stop loss 💪🏽

@artvinnd5534

3 жыл бұрын

No stopp loss: famous last words of any trader

@gwills9337

Жыл бұрын

Lol no stop losses on shorts?! Unlimited liability YOLO

Someone send this guy a pair of Tesla's short shorts.

There is only one bad actor of any consequence and that is the FED. The small time bad actors are not going to blow this market....

we traveled to Boca Chica to see the starship get built. & we got the S dual motor fsd last Christmas 🎄 😎 still have the cybertruck tri motor or 4 motor fsd on order, i got lots of solar & backup battery system to charge them both. i have tsla too. i just got tired of paying $5 for a gallon of gasoline.

Pretending Laughing with painful short Tesla!!!! Thx You Jim x 850% Tesla up this year !! keep short Tesla , My family thx for all your support!!!

I would like doing a thesis about shortselling in fraud company. Someone attend the Jim Chanos'Course and can give me the class materials?

At least he recognised Nikola as a short.

@ricomajestic

3 жыл бұрын

Doesnt take a genius to figure that out

@hyperdrivee7922

3 жыл бұрын

anyone not under a rock saw that. So many thought that, that’s why its up again.

@bbustin1290

3 жыл бұрын

The bad actors in the market is the FED ... untouchable by the regulators for fraud. the small actors of fraud aren’t going to deflate this market. Just a blip

Fun listening.

it is also his fiduciary responsibility to ensure his clients make money. People are paying him to make them money and he has not done his job very well, that’s for the last 4 years. This is why I think he is not a good hedge fund manager. He should have given up on shorting Tesla along time ago but he is too stubborn and is still shorting Tesla. His responsibility is to his customer and yet willing to lose money to prove a point. This is how millionaires are made from billionaires.

My man should have invested in his eyesight

@stevenl4543

3 жыл бұрын

He's waiting for cybernetic implants

@rogerguerra7009

3 жыл бұрын

Hahahahaha

@willwilliam4996

3 жыл бұрын

Harsh 😂

Difference is that the environment for the fed chair is different. Fed cannot allow a fall due to national debt concerns.

I bought long Nestlé and short Dax today

Really great interviewer.

Not that I disagree with everything he said... But this is the guy who has been "max short" TSLA months before the split. I believe he started at 3-400 the first time around 🤣

Liar Chanos: Because I lost my shorts... Which is why I am appearing without shorts.

The Fed has added support of the stock market to its mandate. The stock market is a GSE.

Chanos was right about IBM.

Wow what an interviewer, sharp!

Sadly this market has turned into a pure "sentiment" market. Pure trash, it's all vicious buying .

@hellomate6079

3 жыл бұрын

No, market is fairly valued

@threetimes90

3 жыл бұрын

Not for long i think... once people learn and grow it will correct itself from it I think

@jkk20

3 жыл бұрын

@@threetimes90 when? i bet it will keep going.. too much passive ownership of stocks causing no short term corrections.

@TK-gd9td

3 жыл бұрын

Welcome to a market run by democracy rather than professionals with a fiduciary duty. Same way anyone can sell on Amazon or shopify with no required quality control or fed regulation. It’s a full blown global participation market. It’ll go on forever until there’s a way to stop everyone from participating.

@fendermon

3 жыл бұрын

@@jkk20 Good point. Pensions have gone the way of the Dodo. People have little choice but to invest, and bond funds are dead money.

Neptune in Pisces frankly ,dreamy dreamy dreamy.

Although I will say that the service Jim and his company provides to markets is a good and necessary one. I wouldn't want to put my money on it though, its just a lot harder. Markets and even people, tend to be more greedy and for much longer periods of time, than they are fearful.

He isnt completely wrong. Tesla is not making money from the sale of cars. Yet their stock is close to doubling from September. All based on hype. We're all paying for potential

I'm no expert but how come my returns are better thanks Jim's ?

Chanos still sees Tesla as a car company, that's his one mistake. Same as seeing China property market obeying normal market forces when their govt can backstop everything.

@redlionplumbing

3 жыл бұрын

Tesla isn't a car company. If it was a car company, it'd be overpriced dog crap instead of a boutique speculative luxury brand.

@gwills9337

Жыл бұрын

@@redlionplumbing that's OPs point ☝️

@redlionplumbing

Жыл бұрын

@@gwills9337 well China can't backstop their demographic cliff and real estate market. Can't borrow our way into prosperity.

Even Musk himself is short Tesla, stating that the price is too high, many times already. Not unrealistic that everyone will rush from one side of the boat to the other.

@EnergyMaxWh

3 жыл бұрын

Lol. No one is longer TSLA than EM. Look at his holdings.

@ren7sp25

3 жыл бұрын

@@EnergyMaxWh sometimes you need to read between the lines. Also, there is no boat (that I know of).

@AssistantToTheHNIC

3 жыл бұрын

What has happened to critical thinking and reading between the lines?? You think Elon negotiated such a tranche that would make him the wealthiest CEO ever, just to be SHORT?!?? Wow. Just. Wow. 🤦🏿‍♂️

Great interview! I don’t understand why anyone would risk playing the short with a company such as Chanos, which allegedly is one of the better ones at it, when, as he admits, during the good years they have about 66% batting average! An unlimited amount of risk, shouldn’t be taken if you only have a 66% chance of winning.

@varunpriolkar_com

3 жыл бұрын

They are net long the market. They use short book to leverage up their longs.

@gwills9337

Жыл бұрын

@@varunpriolkar_com how does that work when you short Tesla as a hedge 😂

WHAT DO U THINK ABOUT SDOW AT THIS TIME ? TKS

Looks like he has been selling furniture and his ties.

@Cj2o

3 жыл бұрын

Just to keep the lights on. Those TSLA shorts must be costing him a fortune.

@nickjerrat

3 жыл бұрын

hahaha same thoughts

Classic KZread...a bunch of mediocre nobodies in the comments taking pot shots at a very successful long term investor, because he hasn't always been right and isn't afraid to admit it.

I listened to the first ten minutes, mostly agreeing with him...then at 10:20 he says that Biden will somehow "toughen the cops on the beat". As Yoda would say: "That, is why you fail." Don't need to hear anything else.

I like how he thinks overall, but I bet he shorted Gamestop.