"A key point that stuck in my head was on M&A - instead of expensing their R&D efforts, companies are acquiring other companies, in effect capitalizing their R&D efforts.
This is scary."
Open Strategist
Sunday, September 21, 2014
Jim Chanos podcast on M&A
Chanos eventually wound up at Deutsche Bank. Despite his successful track record, some of the firm's clients complained about the young analyst's criticism. After a negative Wall Street Journal article, his contract was not renewed. In 1985, he created Kynikos Associates, a hedge fund that now manages billions of dollars for institutional investors. Kynikos is the Greek word for "cynic."
