Please use this to answer the question:A Barron’s article documents the history of Jim Chanos from short-selling firm Ursus partners. Jim ‘s career history has featured both successes and failures. In 1982, when he was 24-years old,he issued a sell recommendation on the stock of annuity firm Balwin-United, on which other analysts were very positive. Thirteen months after issuing his sell recommendation, Baldwin-United filed for Chapter 11, and its market value of equity declined by $6 billion. In 1983, Chanos’s successful call was subject of front-page story in The wall Street Journal. During the bull narket of the 1990s short selling ked Chanos’s firm to lose 75 percent of its value. The Barron’s article quotes a hedge fund manager as comparing Chanos to a major league baseball player who, in his first season achieves a batting average of 400 and expects to repeat the sucess every season. The author of the Barron’s article discussed in the above information that Jim Chanos might have suffered from hubris and let success get to his head. Is this suggestion consistent with any of the behavioral biases described in Chapter 1 of Behavioral Corporate Finance by Hersh Sherferin?
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