Investors would be wise to listen to Jim Chanos (Trades, Portfolio) if for no other reason than it may help avoid a major mistake on the long side.
In the video below Chanos discusses why he has for so long been a bear on China.
According to Chanos the only difference between the U.S. and Chinese economies is the amount that China is willing to borrow to fund its growth. If the U.S. borrowed as much, Chanos believes it would be growing as fast.
He also details why he thinks Tesla (TSLA, Financial)Â is a short.