James S. Chanos

Ashley Dupre's 'Uncle Jim' Buying East 75th Triplex Penthouse

Ashley Dupre's 'Uncle Jim' Buying East 75th Triplex Penthouse

If the economy plunges further, if the recession becomes a depression, if there’s blood on the streets and panic in the air, short sellers, the investors who make money by betting that stocks will fall, will be seen as an evil coterie of cackling villains that profited from downturns they may have encouraged.

More than John Paulson (who made $3.7 billion last year by betting against subprime mortgages) or David Einhorn (who may be helping Lehman Brothers go the way of Bear Stearns), James S. Chanos, the president and founder of a hedge-fund group called Kynikos (from “cynic” in Greek), may be the best short seller of them all.  read more »