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.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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Prof G Markets · Jim Chanos: We’re In The Golden Age Of Fraud · 31 Jul 2026 podcast

Most companies fail.

You just have to avoid the ones, the 2%.

that not only prosper, but go on for 50 and 60 and 70 years because that's where people make most of their money on the long side via indices.

It's the successes.

And most companies fail.

So again, if you watch your risks and mitigate your risks and avoid the 100Xs, generally you can do pretty well on a diversified hedged short portfolio.

One thing I would just tell investors is if you have a portfolio full of companies that aren't going to be profitable for five years,

you might want to start trimming those, right?

Because predicting the future I've found over 40 years is really, really hard.

And the further out you go in predicting the future, the harder it gets.

And so if your favorite sell-side analyst is telling you, well, the stock is cheap at only 40 times 2035 EBITDA, maybe step aside.

Because it really is, that's where the blow-up risk in your portfolio resides in terms of, and there's lots of those companies right now where because of AI, whatever, they're being built literally as castles in the sky based on 2030 or 2035 hopes of profitability.

And they're not cheap on those metrics.

So I think if you can find companies that are doing well now, are making profits now, will probably make more profits if the boom continues, you'll generally be in good stead than buying a Bitcoin miner that's losing hundreds of millions of dollars

but is telling you they're going to make a dollar a share in 2030, then the stock's at 60.

That's one practical thing I can tell investors.

At this point in the cycle, you should be sort of pruning your portfolio of those stories.

I'm not the one to ask because I've got these 40 radioactive companies against it, right?

So I'm probably not the right person to say, even though I think it is expensive, you know, I own the indices.

But again, it's hard to time the market.

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