“Cash flow was diverging dramatically from reported earnings.”
Jim Chanos
18 quotes2 research pieces2 downloadable PDFs
Quotes(18)
“If you don’t understand how a company makes money, it probably doesn’t.”
“Complexity is often used to hide the truth”
“Earnings are an opinion. Cash is a fact.”
“The income statement lies more than the balance sheet.”
“Watch the footnotes — that’s where the bodies are buried”
“China is on a treadmill to hell.”
“They are building assets that don’t generate returns.”
“GDP growth doesn’t equal shareholder returns.”
“Growth does not equal profitability.”
“Disruption stories often ignore economics.”
“Capital intensity eventually wins.”
“Bubbles are always justified with ‘this time is different.’”
“Story stocks outperform facts — until they don’t.”
“The best shorts are companies that need perfect execution.”
“Short sellers are the canaries in the coal mine”
“We get paid to be skeptical”
“Markets need pessimists to function properly.”