The best hedge fund manager at last year’s Ira Sohn Investment Conference was Jim Chanos. He recommended shorting Vestas WInd Systems (VWS) and First Solar (FSLR). Vestas lost 72% of its value and First Solar was the worst performing stock in the S&P 500 index. First Solar’s loss was nearly 87%. Can you believe these stock picks? The poor performance of First Solar helped David Einhorn to eke out a positive return in 2011 as well.
Jim Chanos isn’t at the Ira Sohn Conference this year but John Paulson is. Investors can short John Paulson’s long stock picks and may achieve high returns (just kidding).
We have the transcript of Jim Chanos’ presentation from last year and we will share this with you shortly.