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>On a related note, I wonder why glorified investors like Michael Burry aren’t instead demonized for contributing to, and profiting from, the near collapse of t
by TMWNN 5y ago
>On a related note, I wonder why glorified investors like Michael Burry aren’t instead demonized for contributing to, and profiting from, the near collapse of the American economy in 2008
I think it's the scale. Soros was in 1992 already a billionaire, I believe, and was very, very famous on Wall Street. Burry is a medical doctor who fell into running a small (by Wall Street standards) hedge fund because his personal investing was so successful. While he made a lot of money, had Burry had Soros's resources in 2007-2008 he might have made far, far, far more.
To put another way, had Soros, not Burry, been the public face of those who saw the 2008 crash coming and invested accordingly, he would have received a lot more criticism.