If you're a short-seller, that's a cacophony of negative reinforcement. You're basically told that you're wrong in every … - James Chanos

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In a way, it's a great thing that I have the opportunity to stand at the crossroads of Los Angeles and Indianapolis, and stay right here,. . . People say that reality is in the footsteps, and not the words. That, as much as anybody, gives you a chance to show your sincerity and commitment, and what you're all about as far as leaving a legacy.

James Chanos

If you're a short-seller, that's a cacophony of negative reinforcement. You're basically told that you're wrong in every way imaginable every day. It takes a certain type of individual to drown that noise and negative reinforcement out and to remind oneself that their work is accurate and what they're hearing is not.

Cacophony, Day, Negative, Noise, Oneself, Way

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I've learned there's a big difference between a long-focused value investor and a good short-seller. That difference is psychological and I think it falls into the realm of behavioral finance.

Big, Difference, Differences, Fall, Realm, Thinking

Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent.

High, Hong Kong, Increasingly, Loan, Market, Real

Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China.

Bigger, Credit, Excess, Identified, Valuation

The Macau casinos have a wonderful business, it's taking in money from Chinese businessmen elsewhere who send it through junky companies to casinos to gamble. The growth continues and they have basically western managers and western accounting, so we trust the numbers a little bit more.

Businessmen, Chinese, Continues, Growth, Macau, Numbers

I've seen a lot more go to zero than infinity.

Infinity, Seen, Zero