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Top James Chanos Quotes

Browse top 20 most favorite famous quotes and sayings by James Chanos.

Favorite James Chanos Quotes

1. "I've learned there's a big difference between a long-focused value investor and a good short-seller. That difference is psychological and I think it falls into the realm of behavioral finance." ~ James Chanos
2. "Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China." ~ James Chanos
3. "The investment we're all looking for is actually saving labor... Look at what the internet is doing to retail." ~ James Chanos
4. "If you're a short-seller, that's a cacophony of negative reinforcement. You're basically told that you're wrong in every way imaginable every day. It takes a certain type of individual to drown that noise and negative reinforcement out and to remind oneself that their work is accurate and what they're hearing is not." ~ James Chanos
5. "It's almost sickening now that the regulators 'on the beat' while the biggest credit collapse in modern financial history unfolded are now patting themselves on the back for their 'brave' stance on short-selling!" ~ James Chanos
6. "Our concerns about what we saw in Australia: an economy clearly tied to China has hitched its wagon to the tail of the tiger. In terms of the general complacency, what we heard over and over from investors and clients and potential clients is, 'yes, yes, there are some excesses, but the government will figure out a way.'" ~ James Chanos
7. "The Chinese banking system is built on quicksand and that's the one thing a lot of people don't realize. Everybody seems to think it is a free and clear open checkbook. It's not. The banking system in China is extremely fragile." ~ James Chanos
8. "What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out - they just exchanged their bad loans for questionable bonds from quasi-state organizations." ~ James Chanos
9. "And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling." ~ James Chanos
10. "Derivatives in and of themselves are not evil. There's nothing evil about how they're traded, how they're accounted for, and how they're financed, like any other financial instrument, if done properly." ~ James Chanos
11. "Dubai was a property bubble. Plain and simple. Go to Dubai and see what happened. It was... what I call it the 'Edifice complex' - it's just, we can grow by putting up lots and lots of buildings and trying to attract people to come here, stay here, and put up offices here and sooner or later, you put up too many." ~ James Chanos
12. "Healthcare is growing now at about 10 per cent per annum in the U.S. top line, versus 3 per cent for the economy. As someone with a sharp pencil and an eye for this kind of thing, this can't last." ~ James Chanos
13. "I'll always understand the Schadenfreude aspect to short-selling. I get that no one will always like it. I'm also convinced to the deepest part of my bones that short-selling plays the role of real-time financial watchdog. It's one of the few checks and balances in the market." ~ James Chanos
14. "In China, remember, the the banks are arms of state policy. They loan because the local party official or regional party official tells them we need a new stadium. They are instruments of state policy." ~ James Chanos
15. "So you know, everyone points out Greece's default record, but the history of a lot of sovereign nations is not a good one when it comes to lending them money." ~ James Chanos
16. "The Macau casinos have a wonderful business, it's taking in money from Chinese businessmen elsewhere who send it through junky companies to casinos to gamble. The growth continues and they have basically western managers and western accounting, so we trust the numbers a little bit more." ~ James Chanos
17. "The marginal people on the trading desks, there's no skill set. If they don't trade derivatives, I don't know what they can do. The next stop is driving a cab." ~ James Chanos
18. "The U.S. healthcare system is probably the most interesting large group of companies that are heading for major problems that we've seen in a long, long time." ~ James Chanos
19. "There's almost 70 billion in square feet under construction in high rises in commercial, residential and light manufacturing. And we estimate about 30 billion square feet, and that's with a 'B,' is commercial, that we would just consider office space. To put that in perspective, that's a 5x5-foot cubicle for every man, woman and child in China." ~ James Chanos
20. "What American people and what the markets want is a fair and level playing-field, where the rules are clearly elucidated, where the referees are competent, and where we know that the game is not rigged." ~ James Chanos

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I race in two or three classic races a year and I may carry on for 10 more years or I may stop tomorrow."
Author: Barry Sheene

What Did James Chanos Talk About?

Here
Hey
Chin
China
Per
Thin
Con
Sell
Short
Ear
Bank
Off
Financial
Grow
Use
Credit
Pen
Clear
King
Call
Ally
Act

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