Chanos Short Energy Firms, Skeptical of “Old School” Tech Companies

Famous short seller Jim Chanos, founder of Kynikos Associates, is short certain components of the energy sector and finds his best short opportunities are found in the US with firms playing accounting games.

As global stock markets buzzed to stunning heights in 2013, the short selling strategy Chanos deploys expectantly found difficulty, down 13% for the year.  But the hedge fund manager says that his day will come.  “Anytime the market gets buoyant its tough to be short; it’s tough to be a skeptic,” he said...