Hedge fund manager and renowned short seller Jim Chanos of Kynikos Associates was interviewed on CNBC today from the Delivering Alpha conference. Chanos is known for his short of Enron before it collapsed.
Recent Portfolio Activity
Chanos
says that "we're long corruption and short property in China." As
such, he's long the Macau casinos. He didn't name names but obviously
Wynn (WYNN) has a large presence there via Wynn Macau (1128.HK), as does
MGM (MGM) and SJM Holdings (0880.HK), controlled by the family of
Stanley Ho.
Conversely, we originally detailed how he was also shorting the property developers in the country.
In the past month, Chanos has pressed his shorts in the renewables sector (green energy) and in particular, solar. We covered Chanos' presentation at the Ira Sohn Conference where he said he was short First Solar (FSLR) as well as wind power play Vestas (CPH: VWS).
Chanos also noted that his fund is not short US banks.
To watch Chanos' interview <<- click.
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Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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