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Jim Chanos called Enron before it collapsed - by reading the one page everyone skipped. now he says the same trick is hiding in plain sight again. the trick: in a spending boom, one dollar gets counted twice. booked as profit by the company selling the gear - quietly...

435,394 Aufrufe • vor 3 Monaten •via X (Twitter)

35 Kommentare

Profilbild von #silentlystacking
#silentlystackingvor 3 Monaten

Jim Chanos was wrong many times. He bet against Tesla and lost a shit ton of money. I believe he closed up shop because his investors wanted out of the fund. He’s a very smart dude though.

Profilbild von Equalizer
Equalizervor 3 Monaten

Are we still talking about the depreciation schedules on GPUs? Has anyone told him the 100s from 2020 are still churning out big inference dollars?

Profilbild von 華爾街分析猿
華爾街分析猿vor 3 Monaten

Have you checked his performance since financial crisis?

Profilbild von 𝐁𝐮𝐥𝐥 𝐏𝐢𝐜𝐭𝐮𝐫𝐞
𝐁𝐮𝐥𝐥 𝐏𝐢𝐜𝐭𝐮𝐫𝐞vor 3 Monaten

He's been short Tesla since almost the inception. I'm not saying he's wrong on spending, but one great call doesn't make him right on everything. Caution is advised.

Profilbild von Sgt.Hummus
Sgt.Hummusvor 3 Monaten

Stop following these mentally-ill perma-bear doomers. They don’t make money. They just book interviews.

Profilbild von StormFX
StormFXvor 3 Monaten

The way he breaks down that double-counting is pretty wild. It makes you wonder how many other booms have had similar hidden flaws that only become obvious in hindsight.

Profilbild von Smellmyfinger
Smellmyfingervor 3 Monaten

He still short Tesla ? 🤣

Profilbild von Clarence Beeks, Crop Report Specialist
Clarence Beeks, Crop Report Specialistvor 3 Monaten

Not unlike how they account for gold leases, swaps, etc. The gold is counted twice, on the books of both entities as an asset.

Profilbild von Douglas Ritz
Douglas Ritzvor 3 Monaten

OpenAi has delayed its IPO until next year because the investor confidence is not there. They same will be for Anthropic. 60% of American companies are now using Chinese open source models. Once again:

Profilbild von Saman Ahmed
Saman Ahmedvor 3 Monaten

I’ve noticed these comparisons often lean heavily on historical analogies that don’t map cleanly onto current demand cycles. My take is the accounting concern is worth understanding, but it doesn’t automatically imply the same outcome imo.

Profilbild von Urban Cruise
Urban Cruisevor 3 Monaten

thanks for the ai slop post, very informative

Profilbild von Jeffrey (BullBearJeff)
Jeffrey (BullBearJeff)vor 3 Monaten

@DexAust

Profilbild von Demetrios Pahno
Demetrios Pahnovor 3 Monaten

Chanos mistakenly calls SPCX a neocloud—a commodity business. Tesla is no neocloud. Launching a 300MW SOTA coherent compute cluster in 120 days is astounding. Temporary rentals to Anthropic & Google will yield a massive ROI. Chanos repeating old mistake -treating Tesla as just another auto company.

Profilbild von AI Mastery Guide
AI Mastery Guidevor 3 Monaten

One dollar counted twice as profit and depreciation at the same time is a wild pattern to spot repeating.

Profilbild von Nutbutter
Nutbuttervor 3 Monaten

the networkers were stuffing their channel with boxes which were then moved to offsite warehouses.

Profilbild von dscrockett
dscrockettvor 3 Monaten

No economist, but Chanos' theory is true of every product sold.

Profilbild von XYZ
XYZvor 3 Monaten

He first said hyperscalers were cooking the books with their extremely long depreciation schedules and now he has quietly walked it back. He now says 5 years old hardware could possibly be used for 8-10 years. The dude is a clown… doesn’t own up to the bs he spawns…

Profilbild von Stare Decisis
Stare Decisisvor 3 Monaten

Jim called it. And here again.

Profilbild von OnchainMaxi
OnchainMaxivor 3 Monaten

Demand was non existent in 2000. Today the GPUs are literally burning in the server racks!

Profilbild von Lee Bollard
Lee Bollardvor 3 Monaten

Fiber companies in 2000 were laying dark cable and therefore didn’t have the revenue to service their debt. The largest most profitable companies EVER have the means to pay these days. Almost no semi built today for AI is going unused. See the difference?

Profilbild von Moysha
Moyshavor 3 Monaten

booked

Profilbild von Fede Sandler
Fede Sandlervor 3 Monaten

Unbelievable I’m a total nobody and I picked up the same thing. Wow

Profilbild von Blauvelt Capital
Blauvelt Capitalvor 3 Monaten

Chanos has spent the last 20 years being on the wrong side of everything

Profilbild von nofad
nofadvor 3 Monaten

Videos like these deliver alpha—always have, always will.

Profilbild von Daniel
Danielvor 3 Monaten

When is this freakkin Ackman gonna buy UBER?

Profilbild von DSinden
DSindenvor 3 Monaten

Isn't that double counting what economists call the multiplier?

Profilbild von JC
JCvor 3 Monaten

Chanos was short Tesla as early as 2016 and has called for it's collapse in price many times since. How did that work out?

Profilbild von Jade
Jadevor 3 Monaten

@DA_Stockman That one dollar gets passed around like a pack of Marlborough Cigarettes in the Soviet Union.

Profilbild von CryptoTaxCounsel JD LLM
CryptoTaxCounsel JD LLMvor 3 Monaten

As an accountant and a tax attorney I am at a loss for words by this statement. Simply idiotic. "...in a spending boom, one dollar gets counted twice. booked as profit by the company selling the gear - quietly depreciated by the one buying it..."

Profilbild von Stark Seven
Stark Sevenvor 3 Monaten

In the telecom buildout they forgot to install the cables actually going to people’s houses. Earnings fell because demand took much longer than expected to materialise, don’t think that applies to AI today, everyone has access already so as long as AI is useful, demand will grow

Profilbild von Adam Potulski
Adam Potulskivor 3 Monaten

How has that worked out for him since?

Profilbild von Dean Kolner
Dean Kolnervor 3 Monaten

Pick your pundit. I respect Chanos. I wish I had a buck for every analyst who called a BIG correction or Crash. At some point somebody will be right.

Profilbild von TimeTraveler0x1
TimeTraveler0x1vor 3 Monaten

Shortsellers are rarely v rarely right though. The market is built to be up only over a bigger timeframe

Profilbild von Ninedol
Ninedolvor 3 Monaten

only 13 minutes, now I know what I'm going to do right now

Profilbild von J L
J Lvor 3 Monaten

One dollar gets counted many times more than twice, because each derivative loan layer does the same thing. So it becomes a multilayered house of cards where the books show exponentially more than the actual origination.

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