Jim Chanos' 16 Favorite Long Stock Picks
Insider Monkey submits:
Jim Chanos is one of the best short sellers who manages billions of dollars in short portfolios. It’s not easy to make money by short selling over the long term. That’s why Chanos uses the indices as his benchmark when determining his performance fees. For example when S&P 500 gains 20% in a year, Chanos deems himself successful if he doesn’t lose more than 20%.
Most hedge fund managers make money on the long side because it is easier to make money on the long side. Corporate officers have usually more than necessary incentives to be successful. So it is really surprising to see Chanos managing only the short sideComplete Story »