The U. S. healthcare system is probably the most interesting large group of companies that are heading for … - James Chanos

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No technological achievements can mitigate the disappointment of modern man, his loneliness, his feeling of inferiority, and his fear of war, revolution and terror. Not only has our generation lost faith in Providence but also in man himself, in his institutions and often in those who are nearest to him.

James Chanos

The U. S. healthcare system is probably the most interesting large group of companies that are heading for major problems that we've seen in a long, long time.

Long, Interesting, Groups, Heading, Healthcare

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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.

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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.

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

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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.

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

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