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
But one fellow gave a short and pointed out that it had doubled in 1999.
It had doubled in January of 2000.
It had doubled again in the first two weeks of February 2000 and did a final double the week of our conference, which was the third week of February.
So to one of your points, I mean, when you're in a parabola, you know, you have price risk, if not time risk.
And as a short seller, I'm well aware of that.
Since 1996, we run our portfolio or advise our clients to be hedged, right?
So we're long the market and short a portfolio of 40 what we think are structurally overvalued situations.
And in the AI space, we've focused really over the course of most of this year in the adjacent companies.
So we're...
in effect, long hyperscalers.
We're, in effect, long NVIDIA since we own them through the indices.
But where we've been short are the Bitcoin miners who have suddenly become data center companies, the so-called neoclouds,
that are not estimated to make money until 2030 or beyond, despite a booming market for what they do.
And those kinds of narratives that have sprung up and companies that have sprung up to take advantage of investor capital, where you can't really make the business model work
And it's getting tough enough for the hyperscalers.
We can talk about that in a few minutes.
They are seeing increasingly lower returns on their invested capital.
But there's businesses out there that are doing deals
for sort of low single digit, mid single digit pre-tax returns on capital who have weighted average cost of capital of 12, 15%.
And they're doing it because it's growth.
Showing 101–120 of 353 · page 6 of 18
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