James Chanos quoteJames Chanos [1957-0]
American Businessman 
Quote rank: 106
| What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price. |
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