Hedge-fund notable Chanos calls Trump’s companies the easiest shorts of his long career

[abu afak]

What everyone (outside of Red-state numb nuts) really knows about the Huckster Trump.
GOPers might vote for Trump for political reasons, but smart ones know he can't run anything honestly.

Hedge-fund notable Chanos calls Trump’s companies the easiest Shorts of his long career
MarketWatch
Hedge-fund notable Chanos calls Trump’s companies the easiest shorts of his long career
Sept 14, 2016 9:16 a.m. ET

‘The easiest short sales I’ve ever had in my life were the stocks and bonds of Donald J. Trump’s companies. ... It was like numerous Ocean liners hitting many Icebergs repeatedly.’
Jim Chanos, Kynikos Associates​

That’s a White House press-pool account of a remark at a Tuesday fund-raising event by Jim Chanos, the founder and managing partner of Kynikos Associates, a short-selling investment firm.

Chanos is perhaps best known for, in the words of a 2002 Barron’s profile, “being the first on Wall Street to blow the whistle on the biggest bankruptcy in U.S. history, Enron.”​

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[candycorn]

I wasn’t aware any of his companies were publicly traded.

 

[Siete]

I wasn’t aware any of his companies were publicly traded.

Trumps Jockey shorts are easily traded .... x small pouches are common in RW political camps ..

 

[buckeye45_73]

What everyone (outside of Red-state numb nuts) really knows about the Huckster Trump.
GOPers might vote for Trump for political reasons, but smart ones know he can't run anything honestly.

Hedge-fund notable Chanos calls Trump’s companies the easiest Shorts of his long career
MarketWatch
Hedge-fund notable Chanos calls Trump’s companies the easiest shorts of his long career
Sept 14, 2016 9:16 a.m. ET

‘The easiest short sales I’ve ever had in my life were the stocks and bonds of Donald J. Trump’s companies. ... It was like numerous Ocean liners hitting many Icebergs repeatedly.’
Jim Chanos, Kynikos Associates​

That’s a White House press-pool account of a remark at a Tuesday fund-raising event by Jim Chanos, the founder and managing partner of Kynikos Associates, a short-selling investment firm.

Chanos is perhaps best known for, in the words of a 2002 Barron’s profile, “being the first on Wall Street to blow the whistle on the biggest bankruptcy in U.S. history, Enron.”​

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So he's a Hillary supporter bashing Trump.....how new! Doaes he have any documentation to prove his bullshit?

 

[abu afak]

So he's a Hillary supporter bashing Trump.....how new! Doaes he have any documentation to prove his bullshit?

Warren Buffett nailed why Donald Trump's businesses failed in a lecture 25 years ago

Warren Buffett nailed why Donald Trump's businesses failed in a lecture 25 years ago
Julia La Roche
June 21, 2016

[......]
Here’s what Buffett said about the now-presumptive Republican nominee 25 years ago:

Where did Donald Trump go wrong?

“The big problem with Donald Trump was he never went right. He basically overpaid for properties, but he got people to lend him the money. He was terrific at borrowing money. If you look at his assets, and what he paid for them, and what he borrowed to get them, there was Never any real equity there.
He owes, perhaps, $3.5 billion now, and, if you had to pick a figure as to the value of the assets, it might be more like $2.5 billion.
He’s a billion in the hole, which is a lot better than being $100 in the hole because if you’re $100 in the hole, they come and take the TV set. If you’re a billion in the hole, they say ‘hang in there Donald.’...."
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