Jim Chanos is a legendary short seller and the founder of his hedge fund, Kynikos Associates. He has recently stated in an interview that we are "in the golden age of fraud." Recently, Chanos has made some huge profits from some of his short positions that have played out well. He pocketed 100M from shorting WireCard, which was found to be engaged in fraudulent accounting, and from his shorting of Hertz, which filed for Bankruptcy earlier this year. Now, in recent interviews he gives us an insight into what he sees currently going on in the markets. To summarize, he sees massive fraud and “The greatest short opportunity of all time”. Today I’ll discuss these predictions and what implications they could have.

I am not a financial advisor, and it is only my opinions and interpretations I offer. You need to fully understand and investigate any investment decisions you make.

свернуть