From Justin Dove, Editor, The Crux:
One of the world’s greatest short-sellers just revealed his top ideas for 2016…
Jim Chanos, founder of Kynikos, is famous for calling a number of financial disasters, such as former energy company Enron and, more recently, pharmaceutical company Valeant.
His recent “short” calls at the Sohn Investment Conference in New York have performed especially well over the past few years. As financial blogger and CNBC personality Josh Brown tweeted earlier today (Note: Chanos didn’t attend Sohn in 2015):
Jim Chanos short ideas from the Sohn Conference – and may I remind you this is during a bull market: pic.twitter.com/RPvp10kFUM
— Downtown Josh Brown (@ReformedBroker) May 4, 2016 × Like The Crux on Facebook
As Brown notes, these results are pretty astounding considering the high-flying bull market of the past seven-plus years.
So what’s Chanos up to today?