Managing partner, FACT Capital
4 dated public stances tracked since 2026-05-15, most recently 2026-05-15. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Joyce Meng's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Joyce Meng is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|
| 2026-05-15 | MORN | bearish | -22.0% | — | — |
| 2026-05-15 | India Equities | bearish | -4.1% | — | — |
| 2026-05-15 | Commercial Real Estate | bearish | -5.9% | — | — |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|
| Commercial Real Estate | 1 | | 1 bearish | 2026-05-15 |
| India Equities | 1 | | 1 bearish | 2026-05-15 |
| MORN | 1 | | 1 bearish | 2026-05-15 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-05-15
long AI SUPPLY CHAIN COMPANIES (ASIA) / short FAKE AI CHINESE NAME-CHANGE / FABRICATED-AI COMPANIES
hedge
Jim Chanos · video
Long real AI infrastructure plays in Asia while shorting Chinese companies that falsely rebranded or fabricated AI capabilities to ride the frenzy, exploiting the spread between genuine beneficiaries and fraudulent pretenders
“we own real real AI against like fake AI”
Short-Selling Panel at Sohn Investment Conference 2026
2026-05-15
Commercial Real Estate
bearish
Jim Chanos · video
AI collapses software development costs to near zero, eliminating the feature-differentiation moat of point-solution SaaS and compressing terminal growth rates, with a 1% terminal-growth haircut swinging DCF valuations 8–15%
“creating code is no longer as much of a competitive advantage, especially if you're a point solution”
90d -5.9%
Short-Selling Panel at Sohn Investment Conference 2026
2026-05-15
India Equities
bearish
Jim Chanos · video
AI automation is massively deflationary for commodity BPO and contact-center hours, destroying the revenue and pricing power of India/Asia services firms in a large addressable market
“it's massively like potentially deflationary in terms of hours”
90d -4.1%
Short-Selling Panel at Sohn Investment Conference 2026
2026-05-15
MORN
bearish
Jim Chanos · video
AI makes financial data cheap to scrape and replicate, commoditizing Morningstar's data products and pressuring its premium margins, while the name carries low short interest and limited analyst coverage of the disruption risk
“why not Morningstar? you can play that like commoditization of data, especially since it's so easy to scrape”
90d -22.0%
Short-Selling Panel at Sohn Investment Conference 2026
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