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cover of episode Wave of Speculation with Legendary Short Seller Jim Chanos

Wave of Speculation with Legendary Short Seller Jim Chanos

2025/6/27
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Jim Chanos: 自2022年触底以来,市场已经历了几波投机浪潮,零售投资者再次追逐热门概念。我认为目前市场估值过高,尤其是考虑到经济可能放缓的情况下。虽然过去牛市中盈利均值回归的现象并不明显,但如果利润率恢复到均值,企业盈利可能会大幅下降。大规模资本支出繁荣会影响盈利,我的资本支出变成了你的收入和利润。如果人们开始减少或不增加支出,许多公司的损益表将受到不成比例的影响。因此,我认为应该对市场保持谨慎。

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Dan Nathan and Guy Adami host special guest Jim Chanos) on the RiskReversal Podcast. The discussion centers around market speculation, particularly in short selling and the recent trends observed in major indices. Jim comments on the speculative nature of the market post-2021 elections and the cycles of retail trading enthusiasm. They also discuss the complexities of corporate earnings, the potential overvaluation of tech stocks, the implications of AI and crypto booms, and the state of the S&P 500. Specific examples include the speculative highs of companies like CoreWeave, Circle, and Coinbase, and their market valuation volatility. Towards the end, they delve into Tesla's fluctuating market position and the broader economic impact of autonomous driving technology and regulatory adjustments. —FOLLOW USYouTube: @RiskReversalMedia)Instagram: @riskreversalmedia)Twitter: @RiskReversal)LinkedIn: RiskReversal Media)