Jim Chanos
speaker
353 appearances
1 recordings
1 series
first heard Jul 2026
last heard 31 Jul
Jim Chanos’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
And a portfolio of 40 names goes a long way of diversifying you, particularly if you're in things like WD-40 or whatever.
You diversify away a lot of that idiosyncratic short side risk on the upside,
And you give away the potential reward as well.
So it's an alpha game on the short side.
And the idea is you find enough really bad business models that the one or two that are going to just bedevil you, like Tesla did for us in 2019 and 2020...
And by the way, Tesla was a 2% to 3% position during that period for us, and we just had to keep cutting it back because it just kept going up and up and up and up, and to keep it at 2% or 3%.
So you have to use dynamic risk mitigation as well.
If something's going against you on the short side, you can't just let it run.
You have to trim it to keep it within your risk parameters.
And the same thing on the downside.
You have to add to it.
So there's a lot of paradoxes in the short side, and that's the biggest one.
Things that go against you become bigger, and things that go your way become smaller.
It works against you in an individual way.
However, in a portfolio of 40 names, you're always going to have names that are working, names that aren't working, and most of them just mucking about.
It's a matter of structuring the right portfolio, not being too concentrated in one area like AI.
We have a number of AI shorts.
It is not an AI short fund.
We're in all kinds of diverse consumer industries, financials, all kinds of things.
Again, trying for our clients just build a portfolio that makes the most sense
Showing 221–240 of 353 · page 12 of 18
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