What's wrong with me being a rich man?

Chapter 477 Praising
The upheaval in European financial markets has had a significant impact.

Even after overcoming obstacles, profits must eventually be given back.

Of course, if Liu Wanying were to say such things publicly, people like Chanos would probably think she was showing off.

Even if this round of short selling against Volkswagen Group is met with a short selling ban, as long as the funds are not seized or frozen, the existing short positions will still be profitable, as long as they patiently wait for Volkswagen stock to resume trading.

The problem is that short sellers who follow the trend can hardly target Volkswagen, which has already defaulted. They can only settle for other targets in Europe that are potentially affected and questioned, and they have set their sights on CDS during this special period. This results in less profit or even loss.

With the short-selling ban lifted and the restrictions on non-physical CDSs imposed, most of the short sellers who rushed in after the peak began to shed tears.

Chanos, in particular, has never stopped criticizing or harassing Germany.

Anyone with a discerning eye could see that Chanos had made a fatal mistake this time. So, after calming down and realizing his mistake, Chanos tried a different approach to heal his wounds.

He chose to boast about the mountain peaks.

It's indeed a rare sight to see a world-class short seller praising his peers.

"The peak was the biggest short seller of the past decade!"

"The 'overshooting peak' has been the most influential short seller over the past two decades!"

Chanos changed twice in two days, and his appreciation for the mountain peaks grew day by day.

He even went so far as to appear on television programs to continue offering his evaluations.

"Soros's attacks on sovereign currencies have been met with mixed reviews, Paulson is now stuck with gold and doesn't know how to adapt, and my going against the trend in Europe this time is just empty talk."

Chanos went so far as to use short sellers with global influence, such as Soros, Paulson, and himself, to prop up the mountain peak.

The host was stunned by such high praise and couldn't help but ask, "What about Ackerman? What about Ackerman at Pershing Square?"

Despite losses at Vania Pharmaceuticals, Ackman's Pershing Square is still a multi-billion dollar hedge fund and one of the world's most well-known short sellers.

Chanos smiled faintly upon hearing this: "Ackerman's secret collusion ended in a crushing defeat, not worth mentioning."

host:"……"

Chanos, facing the camera, exclaimed, "Only by overcoming obstacles and striking repeatedly, especially by single-handedly dismantling the European automakers' shocking deception about diesel emissions, can one achieve an unprecedented and unparalleled feat!"

Hearing such sycophantic praise, the host asked, "Chanos, isn't your praise of Guoshan Peak a bit excessive? Are you saying this because of your losses in the European market?"

Chanos vehemently denied the allegations, emphasizing the significance of Over Peak's short selling: "No, that's not it. My praise for Over Peak is not enough to describe its achievements. Don't forget, it exposed the fraud of companies like Vania before it shorted car companies."

“We haven’t even factored in its past contributions yet, but the impact of this incident by Mount Everest is already the highest in history. Since it issued its research report on Renault, the global automotive industry and its related supply chain have lost more than $100 billion in market value.”

"Renault's fraud is said to have been going on for more than a decade. Volkswagen, Bosch Group, and many other companies that have not yet been exposed are in cahoots. If no mountain is crossed, it is unknown how long this systematic fraud will continue."

The host noticed the data Chanos mentioned and questioned, "The peak caused the industry to lose more than $100 billion in market value. Isn't that unforgivable damage?"

"The real culprits behind this massive destruction are those counterfeit companies, Volkswagen, Renault, Bosch, and the EU's flawed policies," Chanos retorted passionately. "If I see a murderer's crime and call the police, and that murderer is locked up, should the victim's family blame me for calling the police?"

He emphasized, "Without overcoming the challenges, those car companies would continue to make mistakes along the wrong path. Volkswagen and others should be grateful for overcoming the challenges, and the German government should award them a medal of gratitude!"

Chanos's words were like a spark of inspiration: "Germany owes the mountain a medal, France owes it a medal, and Japan, especially Mitsubishi, including the struggle for dominance in the Renault-Mitsubishi-Nissan Alliance, Japan should also give the mountain a medal!"

The host was speechless; the whole world owed him a medal. Overwhelmed with emotion, Chanos even wrote a thank-you letter to the mountain on the spot, taking the showmanship to the extreme.

However, in a sense, overcoming the mountain peak can be considered as receiving it.

After all, his lavish praise did have a significant effect on dissemination, and the contents of the thank-you letter were even displayed.

As a short seller who pays attention to current events, Guoshanfeng should have witnessed this scene.

The domestic online forum Baixiaosheng was on the front lines of the drama, and its summary comment quickly spread to other social media platforms—Guoshanfeng is basically the disciplinary committee of the automotive industry.

Mitsubishi, Renault, and Volkswagen—three well-known automakers have been implicated, indicating that this emissions scandal is clearly going to have further developments.

Moreover, two car company leaders, Ghosn and Martin, were also imprisoned.

Isn't this kind of mountain-climbing style exactly like the Discipline Inspection Commission?

However, many people are puzzled and amused, wondering why this mountain peak suddenly turned its attention to the automotive industry...

Chinese and American media generally praised Guo Shanfeng's role in this emissions scandal, while European media naturally had nothing good to say, with various media reports criticizing Guo Shanfeng, an anonymous short seller, for disrupting market stability.

As for the Japanese media, their mindset is rather subtle.

Mitsubishi Motors was previously targeted by short sellers, and was subsequently acquired by the Renault-Nissan Alliance. Logically, they should be quite hostile towards short sellers, but when this mysterious short seller launched a frenzied attack on the European auto industry in May, the Japanese media's attitude turned to a more positive assessment.

The reason for this is that Japanese cars have always been competitors with European cars in the global market, so they are naturally happy to see their counterparts weakened, even though they have a close relationship with Renault.

"The Asahi Shimbun once considered the home run-holding Kasumi Mine to be a 'short-selling genius,' and looking back now, that judgment was undoubtedly a highly forward-looking and accurate conclusion."

"Even Chanos, who exposed Enron's financial fraud and reaped huge profits during the financial crisis, now admits that he is inferior to Guo Shanfeng, which shows his recognition of Guo Shanfeng."

“Even strong players like Soros and Paulson have encountered many setbacks in the short selling field, not to mention Ackman, who was defeated by his predecessors.”

"Guoshanfeng's expertise in short selling has reached its pinnacle, a state of perfection."

"It brought about market purification and order reconstruction far more than destruction, and its influence has long surpassed the simple battle of short selling."

Japan's Yomiuri Shimbun gave a passionate evaluation of the mountain peak.

……

Pershing Square.

A fund worth tens of billions.

A well-known short seller.

Seeing Chanos's criticisms, noticing Wall Street's comments, and paying attention to the Japanese media's praise, it's hard for Ackman not to fall into deep thought: So, what about my reputation?

Does that mean I'm not human anymore, compared to climbing mountains?
Ackman wanted to lash out at Chanos on Twitter, but considering that the short sellers who had been most annoying to European regulators in this round, he ultimately held back.

Not only that, after processing his emotions, he updated his Twitter, stating dignifiedly that no amount of praise for the mountain was too much, and that he was still honored despite his defeat.

(End of this chapter)