3 ms·
Big ups to hedge fund short seller Jim Chanos for calling this one way back in 2019. https://twitter.com/WallStCynic/status/1192663938720292864 https://twitter
by missedthecue 5y ago
Big ups to hedge fund short seller Jim Chanos for calling this one way back in 2019.
https://twitter.com/WallStCynic/status/1192663938720292864 https://twitter.com/WallStCynic/status/1192663938720292864
Steve Eisman, the short seller who was Mark Baum in 'The Big Short' also predicted this in 2019.
https://www.cnbc.com/2019/08/08/big-short-investor-steve-eisman-says-zillow-has-one-of-the-most-flawed-business-models-hes-seen.html https://www.cnbc.com/2019/08/08/big-short-investor-steve-eis...
- dreyfan 5y agoWith the complete rout today of -11.5% and the additional -11.0% aftermarket on Zillow's stock, it's still up +95% from when Chanos made that comment. Calling bullshit simply isn't worth the hassle these days (e.g. see Tesla and cryptocurrency fans). Better to figure out how to identify the top and keep opinions to yourself.
- missedthecue 5y agoShort selling is one of those things in life where being right can make you worse off.
- nojito 5y agoChanos has been net-long for a while now and I wouldn't be surprised if Eisman isn't too.