James S. Chanos discusses what makes a short seller's approach to research and valuation different and how to Identify the potholes of declining business models, fantasy accounting, counterparty risks, faulty cost structures, and more. He also covers incorporating a macro view in bottom-up analysis — the cost of government intervention, re-regulation, and increasing taxation to markets and securities.

Please note that text may be difficult to read in this recording. The presentation slides are available for download in the video player.