14 investment quotes from top sky guru Jim Chanos: Jim Chanos, president and founder of Knicks United Fund Company, Wall Street’s top sky guru. In the 1980s, Chanos became a short-time investor. Baldwin's United, a popular Wall Street stock, became famous in one fell swoop. In 1985, 27-year-old Chanos founded the Knicks United Fund Company. It started with Enron in 2001 and became famous when Enron collapsed. In the 2008 global financial crisis, Chanos His bad checks yielded a 50% return. In 2010, he warned that excessive fiscal stimulus was causing a bubble in the Chinese economy, especially in commercial real estate, and began to shift empty targets to China.

Next , let’s take a look at 14 famous quotes from this short-selling master about investment, short-selling, China, the financial difficulties of the United States and the European debt crisis.

Quotation 1: In the investment process, your right decision Something could go wrong at some point.

Chanos was working as an analyst at Gilford Securities when brokers spotted advances in Baldwin United stock, and regulators warned the insurance subsidiary that it was going bankrupt .

After studying Baldwin United’s 10-K and 10-Qs financial reports and discovering a series of problems such as the annuity business not making money and improper use of financial leverage, it was recommended to short out Baldwin United at a price of $24. However, the stock quickly doubled. This incident verified that in the investment process, your correct decision may be wrong at some point.

In early December 1982, the stock price was $50. Submit the report again, reiterate the point, and give evidence that it is only temporary. I went home to visit my parents over Christmas and got a call from Bob Holmes, who told me that the insurance regulator had arrested Baldwin's insurance subsidiary. Immediately thereafter, Baldwin filed for bankruptcy.

Quotation 2: There is a big difference between a long-term value investor and a good short-term investor

I think there is a big difference between a good short-term investor and a long-term value investor Same training. Because both require the same skills. Analyzing numbers, estimating the value of the company, assigning calculations of combined value, looking for things that the market does not see.

But now I realize that long-term value investors Very different from a good vacuous person. These differences are psychological, which I think is the domain of behavioral finance.

Quotation 3: Chanos has never been to mainland China. Yeah, it is Ah, I never worked for Enron either.

Chanos has been criticized for his bearish view on China. This is his response to those criticisms. Before Enron went bankrupt, Chanos had a reputation for being vacuous.

Quotation 4: This is our most corrupt game.