If Buffett is the investment guru of "buy and hold," then Chanos is Buffett's opposite of "sell short and wait."

Some people describe him as a "financial undertaker". His way of making a living is: if he thinks a company is going to be in trouble, he borrows the company's shares and then sells them; when the stock price falls, he buys it again.

Buy back these problem stocks and return them to the lender to earn the price difference.

In other words, when the company dies, he makes money.

The contrarian investment strategy is his guiding strategy for trading.

He specializes in finding companies whose fundamentals and market valuations are failing, especially stocks that are overvalued by the market or have undisclosed business missteps.

Then open a short position and wait for profit.

He always asked his analysts to dig into the minutiae of a company's financial reports.

He identifies the financial tricks used by companies to fabricate operating results and expand profits, and jumps in once a problem is discovered, establishing short positions while waiting for others in the market to agree with his thinking.

In 1982, at the age of 24, Chanos was still an unknown young stock analyst. He pointed out that the hot stock Baldwin-United Insurance Company was doomed to fail because of its excessive debt leverage, questionable accounting methods, and negative cash flow.

, investors are advised to sell short.

His comments were ridiculed by his Wall Street peers, and Baldwin-United threatened to sue him.

But 13 months later, Baldwin collapsed and had to file for bankruptcy worth $9 billion.

At the time, this was the largest corporate failure in history.

The Baldwin case made Chanos headlines in the Wall Street Journal.

In 1985, he and Leftas raised $16 million to form Kynikos Associates, a fund company.

After a year, Leftas couldn't stand the pressure of shorting the company and then waiting for the stock price to fall, and he quit.

"Maybe by nature, I couldn't live off short selling," Leftas said, "but Chanos was able to take the pain." By 1990, Chanos managed more than $600 million.

But he nearly met his demise when the tech bubble drove the bull market to record peaks.

Chanos lost 30% in 1991, 15% in 1992, and 40% in 1994.

The stock is still rising and there are no companies left to bet on.

By the mid-1990s, Chanos' career was hanging by a thread, and the size of his fund had dropped from $600 million to less than $150 million.

It was Enron that really made Chanos' career possible.

In 2001, when Enron's stock price reached a peak of $90, he discovered that Enron had huge problems through analysis of Enron's accounting methods and financial statements.

He began to short Enron until Enron came to light and the stock price plummeted to less than $1.

He gained huge profits from the collapse of Enron and became world-famous for it.

In addition to successfully predicting the collapse of Enron, he also discovered problems in companies such as Tyco International and Boston Restaurant Chain Market. The economic crisis in 2008 made him a fortune.

He has established short positions in banks and real estate companies since the summer of 2008.

Chanos then turned to shorting construction and engineering companies because he predicted the credit crisis would spread into a full-blown global recession, freezing overheated economies in places like China and Dubai.

Frequently Questioned Unlike other hedge fund managers, Chanos has long used a powerful weapon: the media.

Historically, short sellers and journalists have formed a pragmatic alliance.

The exposure of corporate scandals by short sellers is a fascinating in-depth investigation for reporters, and negative media coverage can also have an impact on the stock prices of listed companies.

He has developed valuable relationships with many journalists, and he often sends his research reports to journalists he trusts, who also value his opinions, report on his views, and ultimately help him become rich.

But this relationship has also been strongly questioned and criticized, and the U.S. Securities and Exchange Commission (SEC) launched an investigation in 2008 to see whether false information spread by short sellers caused the decline in bank stock prices.

In fact, short sellers are not respected on Wall Street.

“I’ve always understood the schadenfreude surrounding short selling. I also know that no one likes short selling,” Chanos said. “I’ve always convinced my inner self that short selling is actually

Monitoring of dynamic financial systems. It is one of the few checks and balances in the market." If Chanos is something of a Wall Street pariah, the feeling is mutual.

Chanos despises Wall Street's elitist culture and calls himself a "wealthy liberal."

Although he also dined at Michael's, served as a trustee of Browning Schools and was a major Democratic donor, Chanos considered himself a Wall Street outsider.

“Most of my social connections are outside the business community,” he said.

Chanos separated from his wife several years ago and now lives alone on Seder's Upper East Side in what he calls his "bachelor's cabin."