Jim Chanos

{{Short description|Greek-American businessman (born 1957)}} {{Use mdy dates|date=May 2019}} {{Infobox person | name = Jim Chanos | image = | alt = | caption = | birth_name = | birth_date = {{Birth date and age|1957|12|24}} | birth_place = Milwaukee, Wisconsin, U.S. | death_date =  | death_place = | other_names = | occupation = Investor | years_active = | known_for = Short selling | notable_works = Founder of Kynikos Associates, LP | alma_mater = Yale University (BA) | children = 4 }}

'''James Steven Chanos'''<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2017-10-12/chanos-s-short-hedge-funds-decline-this-year-amid-stock-rally|title=Jim Chanos's Short Hedge Funds Have Fallen This Year|publisher=Bloomberg L.P.|date=October 13, 2017|author=Porzecanski, Katia|access-date=November 15, 2017|archive-date=November 26, 2017|archive-url=https://web.archive.org/web/20171126074237/https://www.bloomberg.com/news/articles/2017-10-12/chanos-s-short-hedge-funds-decline-this-year-amid-stock-rally|url-status=live}}</ref> (born December 24, 1957) is a Greek-American investment manager and president/founder of Kynikos Associates, a New York City registered investment advisor focused on short selling.<ref name="close" /> He is known for predicting the fall of Enron before its collapse.<ref name="wsjchinabear" /><ref name="ntsbeat" /> He has been nicknamed the "Darth Vader of Wall Street", the "Catastrophe Capitalist" and the "LeBron James of short selling".<ref>{{cite news|last=Agnew|first=Harriet|date=July 24, 2020|title=Jim Chanos: 'We are in the golden age of fraud'|newspaper=Financial Times|url=https://www.ft.com/content/ccb46309-bba4-4fb7-b3fa-ecb17ea0e9cf}}</ref> Chanos is a noted art collector.<ref name="art" />

==Early life and education== James Steven Chanos was born in 1957 into a Greek immigrant family living in Milwaukee, Wisconsin, that operated a chain of dry-cleaning shops.<ref name="ValueWalk: Jim Chanos Resource Page">{{cite web|title=Jim Chanos Resource Page|date=January 4, 2015 |url=http://www.valuewalk.com/jim-chanos-bio/|publisher=ValueWalk|access-date=November 10, 2016|archive-date=October 27, 2020|archive-url=https://web.archive.org/web/20201027170657/https://www.valuewalk.com/jim-chanos-bio/|url-status=live}}</ref> He graduated from Wylie E. Groves High School in Beverly Hills, Michigan. He received a Bachelor of Arts degree, double-majoring in economics and political science from Yale University in 1980.<ref name="Yale School of Management: James Chanos Lecturer in the Practice of Finance">{{cite web|title=James Chanos Lecturer in the Practice of Finance|url=http://som.yale.edu/james-chanos|publisher=Yale School of Management|access-date=November 10, 2016|archive-date=January 10, 2017|archive-url=https://web.archive.org/web/20170110144153/http://som.yale.edu/james-chanos|url-status=live}}</ref><ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=6245434&privcapId=6131188|title=James Steven Chanos: Executive Profile & Biography|website=Bloomberg|access-date=July 17, 2017|archive-date=January 14, 2018|archive-url=https://web.archive.org/web/20180114020407/https://www.bloomberg.com/research/stocks/private/person.asp?personId=6245434&privcapId=6131188|url-status=live}}</ref>

==Career== Chanos began his career at brokerage firm Gilford Securities in 1982. While at Gilford, he performed a cash-flow analysis and made a sell recommendation that ultimately exposed Baldwin-United, which filed for bankruptcy in 1983.<ref>{{cite web|url=https://www.businessinsider.com/jim-chanos-baldwin-piano-2011-12|title=The Amazing Story Of Jim Chanos' First, Career-Making Short|last=Lopez|first=Linette|date=12 December 2011|website=BusinessInsider|access-date=25 February 2020|archive-date=February 26, 2020|archive-url=https://web.archive.org/web/20200226004815/https://www.businessinsider.com/jim-chanos-baldwin-piano-2011-12|url-status=live}}</ref> Shortly thereafter, Chanos was recruited to Deutsche Bank, where he analyzed Michael Milken's junk bonds and Drexel Burnham Lambert.<ref name=nymag/>

After working as an analyst in several firms, Chanos founded Kynikos (Greek for "cynic") in 1985 with $16 million,<ref name="wsjchinabear" /> as a firm specializing in short selling. One critical position he took at Kynikos was the shorting of Enron.<ref>James Chanos (2002). Anyone could have seen Enron coming: Prepared witness testimony given February 6, 2002, to the House Committee on Energy and Commerce. [https://www.mpt.org/] .</ref>

He describes his investment strategy as "intensive research into stocks",<ref>{{cite book|last=Leder |first=Michelle |title=Financial fine print: uncovering a company's true value |publisher=John Wiley and Sons |year=2003 |page=[https://archive.org/details/financialfinepri00mich/page/35 35] |url=https://archive.org/details/financialfinepri00mich |url-access=registration |isbn=978-0-471-43347-7 }}</ref> looking for fundamental failures in market valuation, from underestimated or unreported failings in the business or the market of a particular stock, followed by a substantial short position which he is willing to hold for quite a long time — perhaps an opposite echo to Warren Buffett's reputed "fundamentals+long stay" investment strategy.<ref>{{Cite news|url = https://www.nytimes.com/2015/08/25/opinion/joe-nocera-the-man-who-got-china-right.html?action=click&pgtype=Homepage&module=opinion-c-col-left-region&region=opinion-c-col-left-region&WT.nav=opinion-c-col-left-region|title = The man who got China right| work=The New York Times | date=August 25, 2015 |archive-date = May 19, 2018|archive-url = https://web.archive.org/web/20180519051152/https://www.nytimes.com/2015/08/25/opinion/joe-nocera-the-man-who-got-china-right.html?action=click&pgtype=Homepage&module=opinion-c-col-left-region&region=opinion-c-col-left-region&WT.nav=opinion-c-col-left-region|url-status = live| last1=Nocera | first1=Joe }}</ref> Some have said his commitment serves as whistle-blowing more than do most speculations, as in his heavy shortselling of such companies as Baldwin-United and Enron Corporation.<ref name=nymag>{{cite news | title=The Catastrophe Capitalist | url=http://nymag.com/news/business/52754/index2.html | work=New York Magazine | first=Gabriel | last=Sherman | date=December 15, 2008 | access-date=September 24, 2011 | archive-date=September 7, 2011 | archive-url=https://web.archive.org/web/20110907011016/http://nymag.com/news/business/52754/index2.html | url-status=live }}</ref>

Throughout the 2010s, Chanos and other short sellers faced a tough environment during a booming period for M&A and a record amount of share reacquisitions.<ref name="badenvironment">{{cite news |last1=Stevenson |first1=Alexandra |title=The Loneliness of the Short-Seller |url=https://www.nytimes.com/2015/06/23/business/the-loneliness-of-the-short-seller.html |work=New York Times |date=June 23, 2015}}</ref> A ''New York Times'' profile of several short sellers in 2015 described Chanos and others as "waiting in the wings" for the bull market to end. The same profile described Chanos's Kynikos Associates as losing more than half its value in the last five years from $6 billion to $2.5 billion, compelling Chanos to pitch "a new fund to investors that will take a portfolio of long positions and overlay the firm's traditional short portfolio".<ref name="badenvironment"/> Chanos's personal net worth in 2016 was estimated at $1.5 billion (equivalent to ${{Inflation|US|1.5|2016|r=2}} billion in {{Inflation/year|US}}).<ref name="art">{{cite AV media |title=The Banker's Guide to Art |year=2016 |type=Television production |time=16:30}}</ref>

2020 was an especially terrible year for Chanos and other short sellers, according to ''Institutional Investor'', calling their firms "a shadow of their former selves."<ref name="shadow">{{cite news |last=Celarier |first=Michelle|title=Assets Have Tanked at Two of the World's Biggest Short Sellers |url=https://www.institutionalinvestor.com/article/b1rb09jvppdv1d/Assets-Have-Tanked-at-Two-of-the-World-s-Biggest-Short-Sellers |work=Institutional Investor |date=April 8, 2021}}</ref> The magazine noted Kynikos ended 2020 with $405 million (equivalent to ${{Inflation|US|405|2020|r=0}} million in {{Inflation/year|US}}) in assets, compared to $2 billion in 2018.<ref name="shadow"/>

In November 2023, ''The Wall Street Journal'' reported that Chanos would close his hedge fund and return outside capital to investors by the end of the year.<ref name="close">{{Cite web |first1=Gregory|last1=Zuckerman|first2=Peter|last2=Rudegeair|title=WSJ News Exclusive {{!}} Jim Chanos, Short Seller Who Took on Enron and Tesla, to Close Hedge Funds |url=https://www.wsj.com/finance/stocks/jim-chanos-short-seller-who-took-on-enron-and-tesla-to-close-hedge-funds-f66c5b64 |access-date=2023-11-18 |website=WSJ |date=November 17, 2023 |language=en-US}}</ref> At the time of publication, the S&P500 was up nearly 20% year -to-date, and Tesla, a notable short position of Chanos' fund, was up nearly 117%.

==Investments== ===Enron collapse=== Chanos gained notoriety as a short seller when he predicted the fall of Enron before it filed for bankruptcy in 2001.<ref name="wsjchinabear">{{cite web|last1=Chung|first1=Juliet|title=China Bear James Chanos Roars After Years of Losses|url=https://www.wsj.com/articles/china-bear-james-chanos-roars-after-years-of-losses-1442384428|publisher=Wall Street Journal|access-date=November 10, 2016|date=September 16, 2015|archive-date=September 20, 2016|archive-url=https://web.archive.org/web/20160920045906/http://www.wsj.com/articles/china-bear-james-chanos-roars-after-years-of-losses-1442384428|url-status=live}}</ref> He was a short seller of Enron throughout 2001, increasing his short position as more information surfaced. Kynikos profited from the trade.<ref name="ntsbeat">{{cite web|last1=Petruno|first1=Tom|title='Short-Sellers' in Enron Finally Get Their Due|url=https://www.latimes.com/archives/la-xpm-2002-jan-20-fi-petruno20-story.html|work=Los Angeles Times|access-date=July 17, 2017|date=January 20, 2002|archive-date=June 19, 2017|archive-url=https://web.archive.org/web/20170619170837/http://articles.latimes.com/2002/jan/20/business/fi-petruno20|url-status=live}}</ref>

===Chinese real estate crash=== Chanos has frequently made comments predicting a Chinese real estate crash. In January 2010, the ''New York Times'' reported that Chanos predicted an impending Chinese economic crash that would resemble "Dubai times 1,000 — or worse". Later, on the ''Charlie Rose Show'' in April 2010, he maintained that China was on a "treadmill to hell" that would lead to a crash driven by a "world-class" property bubble.<ref>{{cite web |title=James Chanos interviewed by Charlie Rose |url=http://www.charlierose.com/view/interview/10960 |url-status=dead |archive-url=https://web.archive.org/web/20100415055748/http://www.charlierose.com/view/interview/10960 |archive-date=April 15, 2010 }}</ref>

The Chinese real estate crash predicted in 2010 did not materialize, and has caused financial media to question his investment wisdom. ''Bloomberg'' in a December 2017 article noted "Chanos has made wayward bets against U.S. stocks and China recently".<ref>{{cite news|last1=Welch|first1=David|title=Famed Short-Seller Jim Chanos Says Tesla Headed for 'Brick Wall'|url=https://www.bloomberg.com/news/articles/2017-12-13/famed-short-seller-jim-chanos-says-tesla-headed-for-brick-wall|work=Bloomberg L.P.|date=December 14, 2017|access-date=January 19, 2018|archive-date=January 20, 2018|archive-url=https://web.archive.org/web/20180120125700/https://www.bloomberg.com/news/articles/2017-12-13/famed-short-seller-jim-chanos-says-tesla-headed-for-brick-wall|url-status=live}}</ref> The ''Financial Times'' in an October 2017 article used his "Dubai times 1,000" quote an example of one of the "dire prophecies" about China's real estate market that did not come true, demonstrating the subject was "tricky for foreign investors and experts to grasp".<ref name="ft">{{cite news|last1=Hancock|first1=Tom|last2=Wildau|first2=Gabriel|title=Chinese property boom props up Xi's hopes for the economy|url=https://www.ft.com/content/0aa534f4-acdc-11e7-aab9-abaa44b1e130|work=Financial Times|date=October 19, 2017|access-date=January 12, 2018|archive-date=January 13, 2018|archive-url=https://web.archive.org/web/20180113035609/https://www.ft.com/content/0aa534f4-acdc-11e7-aab9-abaa44b1e130|url-status=live}}</ref> The ''Economist'' in a January 2021 article on the Chinese property boom observed housing prices doubled and "enough homes have been built for 250m people" since Chanos likened Chinese real estate to "Dubai on steroids". According to the Economist, the failure of the prediction of a crash suggested the market is "more complex than its depiction as a bubble."<ref name="complex">{{cite news |title=Can China's long property boom hold? |url=https://www.economist.com/finance-and-economics/2021/01/25/can-chinas-long-property-boom-hold |work=Economist |date=January 25, 2021}}</ref>

In a September 2021 ''New York Times'' article on the Chinese property sector crisis (2020–present), it was noted "...Jim Chanos, a prominent American investor, warned that China's real-estate excesses had placed it on a 'treadmill to hell' and that the bubble might burst at any point. But the bubble did not burst in 2010. It did not burst in 2011, nor has it burst in the decade since — unless, that is, it's starting to do so this week."<ref name="nytevergrande">{{cite news |title=The Evergrande Troubles |url=https://www.nytimes.com/2021/09/22/briefing/evergrande-china-housing-bubble.html |work=New York Times|date=September 22, 2021 |last1=Leonhardt |first1=David }}</ref>

In an October 2021 interview, Chanos again predicted an impending real estate crash in China. There would be "no historical analog", according to Chanos. "Maybe Tokyo in '89? But this is worse than that. It's worse than Spain in '06 or Ireland in '06."<ref name="doomed">{{cite web |title=Jim Chanos: China's "Leveraged Prosperity" Model is Doomed. And That's Not the Worst. |url=https://www.ineteconomics.org/perspectives/blog/jim-chanos-chinas-leveraged-prosperity-model-is-doomed-and-thats-not-the-worst |publisher=Institute for New Economic Thinking}}</ref>

===Chinese economy and stocks=== Chanos has held a critical view of the Chinese economy since 2009-10, around the time when he began issuing dire predictions about China's real estate market.<ref name=times>{{cite news | title=Contrarian Investor Sees Economic Crash in China | url=https://www.nytimes.com/2010/01/08/business/global/08chanos.html | work=The New York Times | first=David | last=Barboza | date=January 8, 2010 | access-date=May 5, 2010 | archive-date=February 13, 2010 | archive-url=https://web.archive.org/web/20100213015341/http://www.nytimes.com/2010/01/08/business/global/08chanos.html | url-status=live }}</ref> In September 2009 on CNBC, Chanos said the Chinese miracle economy was "getting harder and harder to believe", predicting the country would head the way of the "old Soviet Union".<ref name="timemag">{{cite magazine|last1=Bacani|first1=Cesar|title=China's Economic Recovery: Miracle or Mirage?|url=http://content.time.com/time/world/article/0,8599,1939598,00.html|magazine=Time|date=November 16, 2009|access-date=October 18, 2017|archive-date=August 13, 2014|archive-url=https://web.archive.org/web/20140813043111/http://content.time.com/time/world/article/0,8599,1939598,00.html|url-status=live}}</ref>

By 2015, bearish positions on Chinese stocks made up about one-fifth of the holdings in Kynikos's global funds. The firm made gains when Chinese stocks tumbled during the 2015–2016 Chinese stock market turbulence.<ref name="close"></ref>

Later on in the 2010s, Chanos reduced his firm's bets against the Chinese stock market. During a Schechter Wealth forum event in December 2017 he noted, "in the past few years...we've reduced our China short and our global fund to the lowest its been".<ref>{{cite news|title=A Fireside Chat with Jim Chanos|url=http://www.valuewalk.com/2017/12/fireside-chat-jim-chanos/|work=ValueWalk|date=December 21, 2017|access-date=January 19, 2018|archive-date=October 27, 2020|archive-url=https://web.archive.org/web/20201027170710/https://www.valuewalk.com/2017/12/fireside-chat-jim-chanos/|url-status=live}}</ref>

In September 2023, Chanos explained his firm no longer heavily shorts the Chinese market, a shift from his approach 10-12 years ago because China's stock market has "basically been flat for over 12 years", diminishing its appeal for shorting.<ref>{{cite web |title=Jim Chanos Talks Short Bets, China Risks and 'Dumb Money' |url=https://www.youtube.com/watch?v=iHXIeDg6EFA&t=638s&ab_channel=BloombergPodcasts |website=Bloomberg Podcasts | date=September 14, 2023 }}</ref> During an interview with Bloomberg Television in September 2023, he clarified that his position was not that the Chinese economy would be in "smoking ruins". Still, he would have to "downshift its growth" from an investment-driven model to a consumption- or service-driven model, with severe "speed bumps" along the way.<ref>{{cite news |title=Chanos: China Needs to Shift to Different Economic Model |url=https://www.youtube.com/watch?v=1GwE0hg00HE&ab_channel=BloombergTelevision |agency=Bloomberg Television}}</ref>

===Caterpillar=== At the CNBC Institutional Investor Delivering Alpha Conference in 2013, Chanos revealed his firm was short on Caterpillar Inc. Chanos explained that Caterpillar had enjoyed a "once in a generation, if not once in a lifetime" boom in infrastructure investment because of China's buildout, which was coming to an end.<ref name="forbes">{{cite news |last=Schaefer |first=Steve |title=Jim Chanos: Why I'm Short Caterpillar |url=https://www.forbes.com/sites/steveschaefer/2013/07/17/jim-chanos-why-im-short-caterpillar/?sh=4dc7bcac73a3 |work=Forbes |date=July 17, 2013}}</ref> In 2016, Chanos maintained on CNBC that his firm was still betting against Caterpillar. Chanos stated the "collapse has not happened" because the Chinese debt and real estate bubble had not yet popped.<ref name="cat">{{cite news |last=Wang |first=Christine |title=Kynikos Associates founder Chanos: We're still short Caterpillar |url=https://www.cnbc.com/2016/10/19/kynikos-associates-founder-chanos-were-still-short-caterpillar.html |work=CNBC |date=October 19, 2016}}</ref>

=== Tesla Inc. === Chanos has been bearish on Tesla Inc since 2013 but announced a short position in 2016.<ref>{{Cite news |last1=Randall|first1=David|last2=Ablan|first2=Jennifer |date=2017-11-14 |title=Short-seller Chanos adds to Tesla bet, predicts CEO will leave |language=en |work=Reuters |url=https://www.reuters.com/article/us-investment-summit-chanos-tesla-idUSKBN1DE2NI |access-date=2023-10-09}}</ref> Between 2015 and 2021, Tesla stock increased by over 2,200%. In 2020, Chanos's fund suffered massive losses due to his short position against Tesla: "Kynikos ended 2020 with about $405 million in [assets under management], down from around $932 million the prior year according to annual ADV filings with the Securities and Exchange Commission."<ref>{{Cite web |date=2021-04-08 |title=Assets Have Tanked at Two of the World's Biggest Short Sellers |url=https://www.institutionalinvestor.com/article/2bswtm8ouka9alq786h34/portfolio/assets-have-tanked-at-two-of-the-worlds-biggest-short-sellers |access-date=2023-10-09 |website=Institutional Investor |language=en}}</ref> In a 2020 interview, Chanos claimed to be still short Tesla but admitted the staggering losses have "been painful, clearly".<ref>{{Cite web |last=Alvarez |first=Simon |date=2020-12-03 |title=Tesla bear who argued that TSLA is worth $0 gives Elon Musk credit: 'Job well done' |url=https://www.teslarati.com/tesla-tsla-short-jim-chanos-admits-defeat-vs-elon-musk/ |access-date=2023-10-09 |website=TESLARATI |language=en-US}}</ref> In 2023, he said his firm remained short Tesla, describing the same headwinds from his previous years of shorting: shrinking margins and increased competition. <ref>{{Cite web |last=Tayeb |first=Zahra |title=Famed short-seller Jim Chanos says he's still betting against Tesla as the EV maker 'wrestles' with margin pressures and increased competition |url=https://markets.businessinsider.com/news/stocks/jim-chanos-shorting-tesla-margin-pressures-china-competition-build-2023-1 |access-date=2023-10-09 |website=Markets Insider |language=en-US}}</ref>

===Luckin Coffee=== Chanos took and closed a short position on Luckin Coffee Inc. in 2020 on the advice of fellow short-seller Carson Block of Muddy Waters Research.<ref name="luckinshort">{{cite news |title=Jim Chanos says he covered bet against China's Luckin Coffee amid 70% plunge Thursday |url=https://www.cnbc.com/2020/04/02/jim-chanos-says-he-covered-bet-against-chinas-luckin-coffee-amid-70percent-plunge-thursday.html |work=CNBC |date=April 2, 2020 |access-date=April 5, 2020 |archive-date=April 5, 2020 |archive-url=https://web.archive.org/web/20200405045837/https://www.cnbc.com/2020/04/02/jim-chanos-says-he-covered-bet-against-chinas-luckin-coffee-amid-70percent-plunge-thursday.html |url-status=live }}</ref> The stock dropped 70% in April 2020 after the company disclosed in a securities filing that its chief operating officer had fabricated about 2.2 billion yuan ($310 million) of reported 2019 sales.<ref name="luckinshort"/> Chanos remarked on CNBC, "How many times do investors have to be burned in these companies that are just too good to be true? Growing 40% to 50% a year with all kinds of odd transactions with affiliates."<ref name="luckinshort"/>

===Wirecard AG=== Chanos took and closed a short position on Wirecard AG. Wirecard AG's stock dropped about 96% in June 2020 after its auditor, EY, disclosed that it was missing about $2.1 billion.<ref>{{Cite news |date=2020-06-18 |title=Wirecard scrambles to find missing $2.1 billion as loan crunch looms |language=en |work=Reuters |url=https://www.reuters.com/article/us-wirecard-results-idUSKBN23P1KP |access-date=2022-07-14}}</ref> Wirecard announced that the $2.1 billion (€1.9 billion) likely doesn't exist.<ref>{{Cite web |last=Browne |first=Ryan |date=2020-06-22 |title=Wirecard shares crash again after payments firm says missing $2 billion likely doesn't exist |url=https://www.cnbc.com/2020/06/22/wirecard-says-missing-2-billion-likely-doesnt-exist-shares-crash.html |access-date=2022-07-14 |website=CNBC |language=en}}</ref> On Bloomberg, Chanos said that he believes that "Wirecard was never profitable."<ref>{{Cite web |url=https://www.youtube.com/watch?v=f6YFIa2hiEM |title=YouTube |website=YouTube |date=June 22, 2020 |access-date=June 30, 2020 |archive-date=June 30, 2020 |archive-url=https://web.archive.org/web/20200630013645/https://www.youtube.com/watch?v=f6YFIa2hiEM |url-status=live }}</ref>

===The Hertz Corporation=== Chanos took and closed a short position on The Hertz Corporation. Chanos covered his short position before the Hertz bankruptcy.<ref>{{Cite news |last=Ahmed |first=Saqib Iqbal |date=2020-06-22 |title=Kynikos Associates closed Hertz short bet right before bankruptcy: Chanos |language=en |work=Reuters |url=https://www.reuters.com/article/us-usa-investment-chanos-idUSKBN23T32N |access-date=2022-07-19}}</ref> Chanos remarked about his closed short position on Hertz that he did not believe it would survive the next recession.<ref>{{Cite web |url=https://www.youtube.com/watch?v=2CyMubVfsDc |title=Chanos on Central Bank Liquidity, Wirecard and Tesla |website=YouTube |date=June 22, 2020 |access-date=June 30, 2020 |archive-date=September 3, 2020 |archive-url=https://web.archive.org/web/20200903084319/https://www.youtube.com/watch?v=2CyMubVfsDc |url-status=live }}</ref>

=== Beyond Meat === Chanos holds a short position against Beyond Meat. Chanos remarked on a ''Financial Times'' article, "'Beyond Meat' still trades at 10 times revenues. This is a company that's still priced for perfection here. The market trades at 2.5 times revenue, and successful consumer companies trade at 4 times revenue."<ref name="Financial Times">{{Cite news |last=Terazono |first=Emiko |date=2022-01-13 |title=Short sellers tuck into Beyond Meat |work=Financial Times |url=https://www.ft.com/content/6e97ac14-5ccb-4643-b3d6-c3592b241032 |archive-url=https://ghostarchive.org/archive/20221211231251/https://www.ft.com/content/6e97ac14-5ccb-4643-b3d6-c3592b241032 |archive-date=December 11, 2022 |url-access=subscription |url-status=live |access-date=2022-07-13 }}</ref> Chanos remarked further, stating "Beyond Meat has ceased to be a growth company". The stock was down 54% since its IPO {{as of|July 2022}}, as investor concerns regarding increasing pressure on Beyond Meat's margins as mentioned in the ''Financial Times'' article by Arun Sundaram, an analyst at CFRA.<ref name="Financial Times"/>

== Personal life == Chanos lives in Florida.{{citation needed|date=December 2025}} He is a lecturer in finance and a Becton Fellow at the Yale School of Management, where he teaches a class on the history of financial fraud.<ref>{{Cite web|url=https://www.alliancebernstein.com/Biographies/01_Biographies/Chanos_James.bio.htm?rsb=no|title=James S. Chanos|website=Alliancebernstein|url-status=live|archive-url=https://web.archive.org/web/20201027170657/https://www.alliancebernstein.com/Biographies/01_Biographies/Chanos_James.bio.htm?rsb=no|archive-date=October 27, 2020|access-date=28 April 2020}}</ref> He is a trustee of the Nightingale-Bamford School and the New York Historical Society and previously served as president of the board of The Browning School.<ref>{{Cite web|url=https://som.yale.edu/faculty/james-chanos|title=James Chanos|website=Yale School of Management|url-status=live|archive-url=https://web.archive.org/web/20200921035538/https://som.yale.edu/faculty/james-chanos|archive-date=September 21, 2020}}</ref> He has four children.<ref>{{cite web|title=James Chanos|date=August 14, 2017|url=https://www.cnbc.com/2017/08/14/james-chanos.html|website=CNBC}}</ref>

==References== {{reflist}}

==External links== * {{IMDb name|1928459|James Chanos}}

{{DEFAULTSORT:Chanos, Jim}} Category:1957 births Category:American financial analysts Category:American investors Category:American money managers Category:American people of Greek descent Category:American hedge fund managers Category:American stock traders Category:Living people Category:Yale College alumni