Definitely stressful. I believe Chanos has a business model of being long the market with an overlay of shorts which seems like a better long-term bet. Running a fund net short for long period of time seems like a particularly aggravating boulder to push up the hill.
Brilliant piece, Frederik. Love the comparison of artists and elite investors
Thank you, Matthew!
Definitely stressful. I believe Chanos has a business model of being long the market with an overlay of shorts which seems like a better long-term bet. Running a fund net short for long period of time seems like a particularly aggravating boulder to push up the hill.