Chanos' Ride To Big Gain

On the Money did a little digging and came up with the exact stocks Chanos has ridden to great success this year.

Time Warner Cable, Viacom, Cablevision, Carmike Cinemas and Dish Network - stocks that have lost at least half their value since he set up the trade - have been money in the bank for Chanos, according to investors in the fund.

Ironically, recent market volatility, a friend of a short seller, wasn't the key to Chanos taking profit in this year's trades - instead it was strategic planning set up years ago. He first touted his visionary investment strategy, which he calls "The Twilight of the Gatekeepers," at an investor presentation he gave in New York in late 2005. He said cable and satellite companies would lose their lock on revenue from programmers as the Internet would open a gateway for networks to send their shows straight to peoples' computers and bypass the fees paid to the cable guys.