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Quote by James Chanos

“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.”

Author

James Chanos

James Chanos, born in 1958, is an accomplished manager with extensive experience in the financial sector. He is renowned for his keen market insights and unique investment strategies. more

“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.”

People Trying Grows Simple Happened Building Office Property Complexes Bubbles Sooner Or Later Edifice Plain And Simple Dubai

Author:James Chanos

“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.”

Kind Eye Lasts Lines Economy Growing Healthcare Cents Versus Pencils Sharp Pencils

Author:James Chanos

“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.”

Real Play Roles Balance Aspect Financial Bones Convinced Checks Selling Schadenfreude

Author:James Chanos

“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.”

Ifs Way Certain Individual Type Negative Oneself Hearing Noise Accurate Sellers Reinforcement Cacophony

Author:James Chanos