Whitney Tilson On Zhang Lei, Lumber Liquidators & Short Sellers

Whitney Tilson talks about China's richest investor Zhang Lei, provides an update on Lumber Liquidators, sheds a light on why the market is healthy for short sellers.

Whitney Tilson on Zhang Lei

1) A nice article about one of the most successful investors in China, Zhang Lei:

With an $18 billion war chest, he is one of China’s richest investors. Yet on a recent trip to San Francisco, Zhang Lei and his entourage crammed into a three-bedroom house in the Mission District, rented through Airbnb.

He also ordered water from Instacart, the on-demand grocery delivery service. A few days later in New York, he bought food through Google Express.

Of course, it is not as if he could not afford luxury hotels and restaurants. Instead,...