Interview With a Short-Seller

Editor's Note: The following is an excerpt available exclusively at TheStreet.com from an interview originally published by Value Investor Insight.

Jim Chanos, founder of Kynikos Associates, is famous for his early bearish calls on such legendary busts as Baldwin-United, Integrated Resources, Sunbeam, Conseco (CNO Quote) and Enron. With more than $2 billion in assets under management, Chanos excels in identifying company-specific ticking time bombs as well as big-picture trends that will roil companies and industries.

Why are you so negative on the cable-TV business? ...