Jim Chanos, who stood alone 24 months ago when he began to amass a massive short position on China (specifically China real estate), just as he stood alone when he took a massive short position against a company named Enron 11 years ago, spoke with CNBC this week on both China and shorting.
Similar to Enron, which collapsed unexpectedly and entered bankruptcy creating a windfall in profits for Chanos' positions, China real estate is currently in free fall and his shorts are once again rocketing higher in value.
First up is the discussion on China:
Then the discussion on shorting stocks in general.
