Barry Ritholtz, Columnist

Why Jim Chanos Bets Against Fraud and China

What else is a committed cynic supposed to do?

May 5, 2020 at 1:48 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

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What do you do when you are a Wall Street cynic with a long history of identifying fraud?

If you are like this week's guest on Masters in Business, Jim Chanos, you launch a short-focused hedge fund. Today, Chanos is a famed for helping to expose some of the most famous financial frauds, including Enron, Baldwin-United and Drexel Burnham. His firm, Kynikos Associates, just celebrated its 35th anniversary.