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 · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
And I've never seen, I mean, I remember the 3Com Palm spin-out back in 2000 and a variety of other sort of classic arbitrages that were interesting and maybe were a couple billion dollars that were hard to implement by putting on the short leg or whatever.
But this was $80 billion in December of 2024, and you could do it literally as much as you wanted.
And unbelievably, the company helped you out by selling a billion or two billion of common equity every week to close the spread.
And the vitriol we got online for challenging the genius of microstrategy and creating this Bitcoin treasury company that was a perpetual motion flywheel was just, I think, one for the efficient market hypothesis academics to study for a while because it should never have existed.
It's one of the...
themes of the course on the history of financial market fraud I teach.
And that the fraud cycle follows the financial cycle with a lag.
And the longer the financial cycle goes on, the more amount of fraud is ultimately then covered on the down cycle.
So I've already dubbed this the golden age of fraud.
And I suspect that when we're on the down part of this cycle,
The bodies will float to the surface as they always do.
But remember, the corollary to that is the harshest prosecutor and the staunchest defense attorney of a company is its stock price.
Nobody goes after frauds at all-time highs.
they only go after them after investors have lost money because these kinds of things are political.
And the resources to prosecute corporate fraud are political.
And it wasn't until Enron and WorldCom and Tyco and others had collapsed in 2002
that the public you know demanded scalps because it wasn't the fact that they overpaid for lots of companies and lost money in the stock market it's because these were corporate crooks and i think we will see the same uh same thing happen in this cycle except with for the possible uh exception of the fact that a lot of these guys might get pardoned first
Well, I mean, again, I think we've already talked about some of it.
Keep it passive.
It's tough to get into the weeds with the professionals.
Showing 321–340 of 353 · page 17 of 18
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