Jim Chanos Question and Answer Session at the Wall Street Journal Conference
Jim Chanos is among the most successful and certainly most well-known short-selling investors.
He recently spoke at the Wall Street Journal Conference. Some of his observations in the Q&A include:
- The last year reminds him of the late '90s: tough for short-sellers and stretched valuations.
- He thinks that the Chinese credit system is now being constrained by loan to deposit ratios and that shadow banking lending is now driving the bus.
- It doesn't appear to him that China learned anything from the U.S. collapse of that was created by the bubbles built in 2005 to 2006.
Watch the video for more from Chanos on what we should avoid today as long investors: