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James Chanos

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Name  James Chanos
Spouse  Amy Chanos (m. ?–2006)

James Chanos The fraud detective Features Yale Alumni Magazine
Education  Yale University, Birmingham Groves High School
Similar People  Scott Bessent, Kyle Bass, Tom Waits, Mark Cuban, Joana Vicente

Organizations founded  Kynikos Associates

James Chanos | Charlie Rose


James S. Chanos (born December 24, 1957) is an American investment manager and currently serves as president and founder of Kynikos Associates, a New York City registered investment advisor who is focused on short selling.

Contents

James Chanos Jim Chanos China is one large construction site The

Early life and education

James Chanos Jim Chanos Cashes In On Brazil Short Business Insider

James Steven Chanos was born in 1957 into a Greek immigrant family living in Milwaukee that operated a chain of dry-cleaning shops. He graduated from Wylie E. Groves High School, and received a B.A. in Economics and Political Science from Yale University in 1980.

Career

James Chanos imagesnymagcomnewsbusinesschanos0812151250jpg

He describes his investment strategy as being based on "intensive research into stocks" looking for fundamental and large market failures in valuation, typically based on underestimated or previously unreported failings in the business or market of a stock. He follows this research by committing to a (usually large) short-position which he is willing to hold for long period of time—almost the mirror image of Warren Buffett's reputed "fundamentals+long stay" investment strategy. Because of this model, his investments function more like those of a whistle-blower than most typical investments. Examples of this include short-selling companies such as Baldwin-United, and more recently Enron Corporation.

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He began his career in the 1980s as a short seller. After working as an analyst in several firms, he founded Kynikos (Greek for "cynic") in 1985 with $16 million, as a firm specializing in short selling. A critical position taken at Kynikos was his shorting of Enron. He gained notability as a short seller when he predicted the fall of Enron Corp. before it filed for bankruptcy in 2001.

James Chanos Jim Chanos China Hard Pass Business Insider

Chanos was a short seller of Enron throughout 2001, increasing his short position as more information surfaced. Kynikos profited from the trade.

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Chanos is a long-time skeptic of the Chinese economy. In a January 2010 interview in the New York Times, Chanos predicted the Chinese economy would crash, resembling “Dubai times 1,000 — or worse”. He reasoned that historically analogous evidence points especially to a property bubble, particularly in commercial real estate.

Previous jobs

James Chanos Jim Chanos On Value Traps Business Insider
  • Analyst with Blyth Eastman Webber.
  • Analyst with Gilford Securities - where he exposed Baldwin-United, which filed for bankruptcy thereafter.
  • Analyst and Vice President at Deutsche Bank Capital Corp.
  • Founder and President of Kynikos Associates Ltd (current).

  • James Chanos Shortseller Chanos on China Its worse than you think
    James Chanos Jim Chanos Best Quotes Business Insider
    James Chanos James Chanos Quotes QuotesGram
    James Chanos Jim Chanos Here are my energy shorts

    References

    James Chanos Wikipedia


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