The interesting thing about the China story, getting back to the macro and micro, and as dire as … - James Chanos

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I'm amused by a lot of things. I love humor. I'm constantly joking around.

James Chanos

The interesting thing about the China story, getting back to the macro and micro, and as dire as I think the macro story is - due to bad credit and credit extension that makes Greece and Spain and the U. S. look like child's play - when you get to the micro of individual companies, they look even worse.

Children, China, Credit, Individual, Play, Thinking

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I've learned there's a big difference between a long-focused value investor and a good short-seller. That difference is psychological and I think it falls into the realm of behavioral finance.

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Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent.

High, Hong Kong, Increasingly, Loan, Market, Real

Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China.

Bigger, Credit, Excess, Identified, Valuation

The Macau casinos have a wonderful business, it's taking in money from Chinese businessmen elsewhere who send it through junky companies to casinos to gamble. The growth continues and they have basically western managers and western accounting, so we trust the numbers a little bit more.

Businessmen, Chinese, Continues, Growth, Macau, Numbers

I've seen a lot more go to zero than infinity.

Infinity, Seen, Zero