Jim Chanos, founder of Kynikos Associates, talks about his decision to short shares of for-profit education companies. Chanos talks with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart."
Chanos discloses that he has been shorting these companies for a number of years. He thinks these companies have a fraud business. Their business model is really an abuse of tax payers’ dollars, producing degrees holders who are not really much more employable than before.
Chanos discloses that he has been shorting these companies for a number of years. He thinks these companies have a fraud business. Their business model is really an abuse of tax payers’ dollars, producing degrees holders who are not really much more employable than before.
