- Legendary short seller Jim Chanos — the president and founder of Kynikos Associates — says he’s made a bet against kidney dialysis company DaVita, which counts Warren Buffett’s Berkshire Hathaway conglomerate as its biggest shareholder.
- Chanos named a recent lawsuit against DaVita as a major risk, and challenged Berkshire for investing in the company based on its insurance holdings.
- While Chanos said the company faces multiple regulatory threats and growth has been weak, he said Berkshire’s seal of approval has made its stock expensive.
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