By Daily Crux Editor Sean Goldsmith:

Jim Chanos' Kynikos Associates was one of the most successful hedge funds last year. In this CNBC interview, Chanos discusses where he's putting new money and where the markets are going.

Some highlights from the interview:

"We're looking out at areas I think that are gonna be under a little bit of pressure that people hid in last year defensively, such as healthcare... We are much, much reduced in places like financials, where I think all the bad news was out or at least priced in our discounted."

"We bought some bank preferreds. We have a few eclectic things. Nothing I'm really excited about. A lot of stuff has run quite a big on the long side."

"I don't trust the numbers in China. I think the last country that had this much of its GDP devoted to construction was the old Soviet Union."

Watch full interview...

Jeff Clark: Trade on the short side right now

Obama bailout won't help U.S. infrastructure