Friends and colleagues say Mr. Chanos is comfortable
betting against the crowd — even if that crowd includes the likes of Warren E. Buffett and Wilbur L. Ross Jr., two other towering figures of the investment world.
Ironically, whilst great traders are contrarian thinkers (doing the opposite to the
crowd), sometimes actually going with the herd and following huge moves in the market can be the contrarian thing to do, because everybody else is looking to
bet against the move.