No. of Recommendations: 5
This interview with Jim Chanos is interesting:
Legendary Short Seller: Fraud Is Hiding Behind Record Highsprofgmedia.com - Legendary short seller fraud is hidingEd Elson and Scott Galloway are joined by Jim Chanos to discuss the biggest risks he sees in today’s AI-driven market and the warning signs that remind him of the late stages of the dot-com bubble. He also breaks down the companies he’s long and short on, explains why he’s increasingly concerned about fraud in the market, and shares the advice he’d give to young investors navigating today’s environment.As Mungofitch has written, it's not just the AI stuff and Musk's companies that are overvalued. Example of WD40 growing at GDP yet at 40 PE. Also Wal Mart.
In the dot-com era the dot-coms and tech were in a bubble, many other companies were at 10-12 PE. Not that way today. Chanos blames passive indexing.
Regarding Musk: "I prefer my CEOs to have a more strengthened relationship with the truth" lol
PS @Manlobbi - love the new quote feature.
