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Thursday, January 17, 2013

Jim Chanos interviewed by Robert Wolf

Jim Chanos was interviewed by Robert Wolf on Reuters's Impact Players. In the video Jim Chanos discusses what he looks for in short candidates - accounting trickery, large executive stock sales (not just one but a mass exodus), and companies that are impacted dramatically by technological change. He then goes on to discuss his opinion on Hewlett-Packard (NYSE:HPQ). He is short the entire PC space. He believes the issue with HPQ is that they didn't properly invest in R&D and their product line got stale. He briefly talks about the Herbalife situation and the multi-level-marketing space as a whole but unfortunately doesn't indicate if they are long or short, just mentioning they have deeply looked at the sector (to me this likely means they are short some names in the space). He then went on to discuss his opinion on China and why he is short. He then goes on to discuss what he views as the five most important financial frauds of all time. Overall pretty interesting stuff. Enjoy.

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