What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself – a rental property, office building, condo – does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.
-James Chanos
Select a background
More quotes by James Chanos
Popular Authors
A curated listing of popular authors.