In this video, Jim Chanos, legendary hedge fund manager of Kynikos Associates, and Robert Sloan, managing partner of S3 Partners, discuss lessons learned from the financial crisis. (Also see my recent post “Jim Chanos: Ten lessons from the financial crisis”.)

Source: CNBC, November 12, 2009.

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Jim Chanos is a legendary American hedge fund manager and president and founder of Kynikos Associates, a New York City investment company focused on short selling. He rose to fame in the 1980s as a short seller who had a knack for spotting stocks what he thought to be overvalued. After working as an analyst in several firms, he founded Kynikos (Greek for “cynic”) as a firm specializing in short selling.

This post, courtesy of Clusterstock, features a slideshow Chanos presented at the annual Virginia Value Investing Conference. The slides highlight in an easy-to-read format ten lessons from the financial crisis - lesson investors might already have forgotten.

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By Chris Mayer, editor, Capital and Crisis "What marks our Great Recession for greatness is neither the loss of jobs nor the shrinkage in GDP, but the immensity of the federal response to those afflictions. The scale of the government's intervention is much more than unprecedented. Before 2008, it was unimaginable." - Grant's Interest Rate Observer, April 3, 2009 Earlier this month, I was at Grant's Spring Investment Conference in Manhattan. This is one of the elite investment conferences in the world. It draws a who's who of brilliant investors... people like investment master Jeremy Grantham... real estate legend Sam Zell... and short selling guru Jim Chanos. I try to attend this conference each year. The amount of intellectual "firepower" is just incredible. I met several of my advisory readers there. At our lunch table, the big topic of discussion was the inflation-deflation ...

Sometimes it’s better to listen than to talk.  That’s where we are today concerning the current market turmoil.  The following are excerpts from the PIMCO montly letter and a piece in Fortune Magazine called “Crisis Counsel” .