Schechter Presents: A Fireside Chat with Jim Chanos & Dan Gilbert (full video)
Schechter Wealth (domain: SchechterWealth.com) video above published Dec 21, 2017: The full-video from Schechter's event with famed short-seller Jim Chanos (domain: kynikos.com) and Quicken Loans founder Dan Gilbert at The M@dison in downtown Detroit on December 13, 2017.
“Within a month (of Enron’s price peak) journalist Jonathan Weil, published an article questioning market-to-market accounting. Short-seller, Jim Chanos, read the article, and in November took a major short position on Enron - Robert Bruner, Deals From Hell (p. 294) #journalism
About Schechter: Schechter is a boutique, third-generation wealth advisory and financial services firm, advising wealthy families on financial matters including: Institutional quality investment advisory services, alternative investments, advanced life insurance planning, income and estate taxes, business succession and charitable planning.
Where 5 Smart Investors Are Putting Their Money in 2016: Fortune [fortune.com]convened its annual roundtable of market experts to talk about where investors might make money in 2016. The panel included James Chanos, president of $2.5 billion hedge fund firm Kynikos Associates; Kate Warne, investment strategist at brokerage Edward Jones, which oversees $888 billion; Deven Parekh, managing partner at Insight Venture Partners, a tech-focused venture capital firm that has raised over $13 billion; Savita Subramanian, head of U.S. equity and global quantitative strategy at BofA Merrill Lynch, which has $1.9 trillion under management; and Shawn Driscoll, portfolio manager of T. Rowe Price’s $5.2 billion global natural-resources equity strategy. Here are videos of edited excerpts from the discussion. Moderator: Joshua M. Brown, CEO, Ritholtz Wealth Management.
Here’s Where You Should Put Your Money in 2016 - Published on Dec 9, 2015 ("stay away from healthcare")
Investors Roundtable: The S&P 500 is Flat for the Year - And could be stuck there for a while.
Tech Will Continue its Winning Streak in 2016 - There’s plenty of room for investment opportunity.
Get Ready for $30 Oil - The future of commodities, raw materials, looks grim. (source: Fortune) Follow @DomainMondo
Jim Chanos: Tesla Is an Overpriced Car Company (video above) - Oct. 12 -- Jim Chanos, founder and president at Kynikos Associates LP, discusses his short of Tesla and SolarCity and the challenges in the green technology industry. He speaks on "Bloomberg ‹GO›." (I'm a 'potential buyer' = “To close out a short position you have to buy stock.”)
Tesla Motors, Inc. is an American automotive and energy storage company that designs, manufactures, and sells electric cars, electric vehicle powertrain components, and battery products. - Wikipedia (note: Elon Musk is a co-founder and CEO of Tesla Motors and an investor in Solar City.)
Domain name: teslamotors.com
Stock exchange: symbol - NASDAQ: TSLA
SolarCity is an American provider of energy services, headquartered in San Mateo, California. Among its primary services, the company designs, finances, and installs solar power systems. The company had 9,051 employees as of December 2014. --Wikipedia
Domain name: solarcity.com
Stock exchange: symbol - NASDAQ: SCTY
Kudos to Anthony Scaramucci and SkyBridge Media LLC, an affiliate of SkyBridge Capital, for acquiring rights to use the domain name wallstreetweek.com and reinventing the iconic program originally hosted by Louis Rukeyser. The program airs on Fox stations in New York, Washington, D.C., Chicago and San Francisco, and streams online at the website and on youtube.com. The legendary James Chanos of Kynikos (Greek for "cynic") Associates LP, and trader Lawrence Altman were featured on the latest episode--and they had a lot to say which may be relevant to all kinds of investors, covering many diverse topics, including China, the art market, energy stocks, the 2010 flash crash and trading against machines (HFT)--enjoy!
Wall Street Week published May 24, 2015: Short seller Jim Chanos of Kynikos Associates and trader Lawrence Altman of CBD interviewed by hosts Anthony Scaramucci and Gary Kaminsky. (Program length 28:30)
Another 3 or 4 years, China will look like Greece?
Of China's increasing debt and its threat, Jim Chanos said, "Chinese banking system is bloated and it’s basically taking out more and more leverage. That same ratio is now 300 percent. So, in five years they have more than doubled their debt-to-GDP and I joke to my Chinese friends, but somewhat half seriously, another three or four years they are going to be like my homeland Greece. They are going to be at 400 percent.”
“So, here is, here is the problem and the problem is the credit story,” Chanos said. “And the Shanghai stock market, by the way is a very bad barometer. We are not short Shanghai. We have never been short or long the the Asia market. When I started looking at China, it was 3,500, it went to 1,900 and now it’s 4,300 and when it was at 1,900 nobody told me, 'oh this means this is the end of China.' It was just the Shanghai stock market, its retail market. Now that it’s at 4,300. Everybody is coming out of the woodwork to say China is turning, it’s not.” Domain Mondo comment and analysis: As Chanos noted in the program, short sellers are cynics and keep the system honest. Based on his assessment of China and the art market, Domain Mondo expects domain name values--particularly .COM domain names-- to continue rising consistent with overall market trends (note his comments about the Shanghai market) and wealthy Chinese buyers' preference for dot COM domains--the global online standard. SeeThe Bull Market in dot COM Domain Names.[Note disclaimer at foot of webpage and here.]
