Fund Manager Comments: Jim Chanos Interview on Bloomberg

Reading Materials (markets, TSLA US, COIN US, CRM US)

(A version of this was also published on my Twitter account.)

Famed short-seller Jim Chanos gave an interview on Bloomberg today, sharing his thoughts about the current market. The interview transcript is fascinating and should be read in full. However, below are my notes on some of his key points.

Bloomberg has given this interview the title “Jim Chanos On Why Some of the Worst-Hit Stocks Still Have a Long Way Down”. Personally, my main takeaway is that while there is clearly turbulence ahead, today’s market is very different from that before the 2008 Great Financial Crisis, with much less systemic risk and much more localised asset bubbles.

My Notes on Jim Chanos Interview

• "The one thing that people are not prepared for still, is interest rates resetting meaningfully higher because it hasn't happened in most investors' lifetimes". "This market will not be able to handle 5% or 6% 10-year"

• "I don't think people realize ... where equities will trade ... where risk-free rates are 4% or 5%". …