Playing to Lose
Some of Chanos’s big short-selling plays.

Macquarie Group (above left)
Australian Investment Bank
Once labeled the bank’s finances a “Ponzi scheme.”

WCI Communities (above right)
Luxury-Home Builder
Called the McMansion bubble early. “We hit home runs,” Chanos says of his call.

Sotheby’s (above left)
Auction House
“The contemporary-art market was going to burst,” Chanos says.

Sportingbet (above right)
Online Casino
Saw tougher regulation coming from Washington.

Related:

• Archive: “Features”
• Articles by Gabriel Sherman
• Table of Contents: Dec 15, 2008 issue of New York | Subscribe!