The position is not that interesting (as I understand it): He bet that the world was over-levered beyond reason. That was not a terribly uncommon thought in '05

The position is not that interesting (as I understand it): He bet that the world was over-levered beyond reason. That was not a terribly uncommon thought in '05-'08 (anyone paying attention knew the math didn't add up). The interesting part is the enormous size of the bets he made, that he was able to make them, and that he got the timing right. Don't know that anyone will write that article, though...