Why Jim Chanos Is Dead Wrong About AMC Holders

Jim Chanos, Founder and President of the Kynikos Associates hedge fund, has some harsh criticism for holders of AMC and other meme stocks:

What I see on Reddit, Twitter and elsewhere is the exact opposite. The communities have a strong determination to hold and often find the position deeply personal. One very popular Reddit post I saw said that hedge funds killed her father, in that her father fell into despair and substance abuse after the financial crisis, which hedge funds had a hand in:

For many AMC holders, it’s personal. And I don’t doubt the same is true for holders of other meme stocks.

Do they also want to make money? Sure. And I’m also pretty sure that Chanos didn’t start his hedge fund in order to save starving kittens.

In fact, this personalization of the position could be a liability for meme stock holders. As someone who invests for a living, I urge all investors to view an investment as an investment only. It helps you make clearer decisions.

In the future, I suggest listening to this song when you read Chanos’ tweets:

More on AMC:




Photo: “Notorious BIG by Marv Castillo” by 5AENZ2NEXWNYZRR22ACALR5SWN is licensed under CC BY-NC-SA 2.0

If you found this post interesting, please share it on Twitter/Reddit/etc. using the buttons at the bottom of the page. This helps more people find the blog! And please leave your comments at the bottom.

Save Money on Stuff I Use:


This platform lets me diversify my real estate investments so I’m not too exposed to any one market. I’ve invested since 2018 and returns have been good so far. More on Fundrise in this post.

If you decide to invest in Fundrise, you can use this link to get your management fees waived for 90 days. With their 1% management fee, this could save you $250 on a $100,000 account. I will also get a fee waiver for 90-365 days, depending on what type of account you open.


The only place I buy vitamins and supplements. I recently placed an order and received it in less than 48 hours with free shipping! I compared the prices and they were lower than Amazon. I also love how they test a lot of the vitamins so that you know you’re getting what the label says. This isn’t always the case with supplements.

Use this link to save 5%! I’ll also get 5% of however much you spend, at no cost to you.

Misfits Market

My wife and I have gotten organic produce shipped to our house by Misfits for over a year. It’s never once disappointed me. Every fruit and vegetable is super fresh and packed with flavor. I thought radishes were cold, tasteless little lumps at salad bars until I tried theirs! They’re peppery, colorful and crunchy! I wrote a detailed review of Misfits here.

Use this link to sign up and you’ll save $10 on your first order. I’ll also get $10.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s