The Macau casinos have a wonderful business, it's taking in money from Chinese businessmen elsewhere who send it through junky companies to casinos to gamble. The growth continues and they have basically western managers and western accounting, so we trust the numbers a little bit more.
James Chanos
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My book 'Trust Your Heart', which is the story of my life, will be followed by 'Singing Lessons', a memoir of love, loss, hope, and healing, which talks about the death of my son and the hope that has been the aftermath of the healing from that tragedy. -
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More quotes by James Chanos
- I've learned there's a big difference between a long-focused value investor and a good short-seller. That difference is psychological and I think it falls into the realm of behavioral finance.
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- The Macau casinos have a wonderful business, it's taking in money from Chinese businessmen elsewhere who send it through junky companies to casinos to gamble. The growth continues and they have basically western managers and western accounting, so we trust the numbers a little bit more.