Jim Chanos: 'I Don't Think Apple's a Value Stock'

[@stoicinvestor123]

Just listen to the companies they mentiond being stupidly overvalued: Apple, Amazon, Netflix, Salesforce, alrdy probably thinking about Tesla. That's almost the perfect portfolio from 2013 through 2019. It's ok to be wrong, but come on. They literally go down the list of the greatest growth stories of the next 7 years. This is all in heinseight, 20/20 etc etc..but I held netflix, apple, amazon and tesla on and off since 2013.

[@Sickkkkiddddd]

it's "hindsight"

[@ynsam]

I guess he said, he was long on Apple.

[@playerzero2236]

It's like that now. At Apple's current annual income rate, it would take you 30 years to even see a return, and that's being generous. The entire market is like this now. It's about to crash hard, I'm 99.9% on this.

[@mulemule]

@@Sickkkkiddddd That's *"CAPTAIN* Hindsight" to you, *sir!*

[@jp__878]

Apple Stock September 2013: $66 Apple Stock now: $223 big oof there

[@pholusinvestments7994]

imagine looking at the stock now chanos is a freaking moron

[@integra8502]

...TESLA Stock...900.00

[@teemumiettinen7250]

@@integra8502 tesla stock...2200$...

[@chinogambino9375]

Peter Thiel had a great talk about financial managers, we've known for a long time the only sure trend in the market is up eventually. Once the numbers are crunched financial managers perform worse than randomized investments, all these investment gurus who caught a wave are lucky more than anything; human pattern recognition simply isn't enough to be truly informed. If Chanos' Tesla short worked he'd be a genius but the opposite is the case and its the same for everyone who makes it big; there's not much behind it so don't take their investment advice as expert opinion.

[@RemiStardust]

4.5 years later now, Netflix, Tesla, Amazon still going strong. What percentage of his fund has he put into those shorts? Must have taken a serious hit. "The market can remain irrational longer than you can remain solvent" - John Maynard Keynes

[@albertobottopoala7691]

I don't understand what's his problem about having your own R&D. Did you get that?

[@RemiStardust]

Well, the stock price is what matters if you, like Chanos probably, have been shorting it since it was around $200 a share. It's currently almost exactly at $300. Besides, I think it's risky to short Tesla. Elon has shown that people buy into his vision - and I wouldn't be surprised if some of his very wealthy friends saved Tesla from bankruptcy if it ran a couple billion short. The amount of money floating around among the super-rich is easily under-estimated...

[@user-iy9mx4pm5z]

hedging short/long short - Tesla shares long - Tesla call options

[@tomast1323]

Remi Stardust lol

[@15yearoldogi]

@@albertobottopoala7691 read Financial warnings by charles w mulford, you will realize aswath damodaran is novice at this game.

[@mxschumacher]

5 years later, he is almost 100% wrong

[@albertobottopoala7691]

I don't understand what's his problem about having your own R&D. Did you get that?

[@paulstubbs4184]

he says having your own R&D (like samsung do) is fine his problem is with firms which 'purchase' their R&D through acquisitions. he says that strategy makes accounts seem healther than they really are, since it's possible to effectively hide your R&D costs in this way

[@albertobottopoala7691]

ok thanks! Although you always pay for R&D, just noon form of acquisition and not of R&D on your balance...

[@wildreams]

He was actually long Apple if you watched the video till the end. He said "value stock" means that you are no longer innovating, but Apple was still innovating. "It trades like a value stock, but I don't think Apple is a value stock." That said, I think his Tesla call is a bad call. And he is probably out of it by now.

[@tomast1323]

Max Schumacher you can’t really be short that long

[@chrisshoop1975]

Chanos makes so many bad calls...

[@doramason]

you idiots haven't even understood what chanos is saying... you don't know what is a growth stock and what is value stock... for fuck sake, he was praising apple! he was long apple when this interview took place. and I bet all you guys are teslammings...

[@ajayreddy8732]

He predicted and profited from Enron, mci, tyco.... Educate yourself

[@alexeikvaschuk7717]

I wonder what Chanos thinks now...

[@hheythered]

If you can't comment if you're short, there is a 76% chance that you are short.

[@mulemule]

Dear Jim: The *stonk* is *not* the *company.*

[@Economivision]

Apple has cannibalized itself. The vision has been lost, the innovation is not there and they have become ridden the wave of smart phones long enough for people to realize that other market entrants have already caught up and even done better than what they have to offer. I think you all will see as Apple takes the lead in this recession. The cash flow is not going to be there because they've been idle with turning R&D into fulfilled needs. Apple would be smart by veering away from hardware and infrastructure and routing its efforts in software. We're still very far behind in what room we have left to invent applications, and there's not been a problem so much with the need for hardware to track alongside it. Apple needs to be aligning with AI, augmented reality or commercial adjuncts....maybe work closely with the driverless cars agenda.

[@samiryahiaoui]

And the guy is still in business? He was wrong on every single company he mentioned.

[@SpookyApparition]

does Stephanie Ruhle have ADD?

[@kellykitkat40]

Like the black man does not want to put his family photos into the cloud where the eugenicists darken or lighten skin tones based upon theirr insane ideas about right and wrong.

[@jasonturner6808]

Apple is a growth stock. Not a value stock.

[@DinaStrange]

Chanos is foxy. I like him.

[@P4yn3]

puke

[@Quivver77]

There's a reason chanos is worth a billion and most KZbin commenters live in their mothers basement.

[@teemumiettinen7250]

theres a reason why chanos is soon worth million...

[@1queijocas]

Yes and the reason is called naked short selling and stock manipulation. Retail has been smart enough to see through their bullshit, hence why Tesla and GameStop have been a retail success and why short sellers failed

[@15yearoldogi]

@@teemumiettinen7250 and what about you 40k in debt?? 150K mortgage, 100k salary, car lease, personal life expense, insurance prem, medical expense. Clearly shows most people never do the work but says they are expert.

[@karamzing]

George W. Bush looks so young in this clip.

[@kellykitkat40]

Apple's market cap tells you it is a poor investment. What you think it is going to triple? Coca Cola has a better chance of becoming a trillion dollar company than Apple does. Ipads are awful because no memory expansion card slot.

[@epoch707]

apple approaching trillion marketcap

[@pprocon]

Kelly KitKat so dumb

[@mikedobson1678]

Right...

[@franksanchez1172]

Idiot

[@fsfs8064]

Loooool

[@정코-k9g]

zzzzzzzzzzzzzzzzzz