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Quote by 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.”

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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

“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

“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.”

Needs States Remember Party Policy Arms Instruments China Locals Officials Loan Stadiums

Author:James Chanos

“Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent.”

Real Projects Percent Raises Rate China Estates Loan Financing Hong Kong Developers Bond Market

Author:James Chanos

“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.”