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I feel like every crash you hear later about a few places that made a killing. So I'm not sure I understand where you're going with your rhetorical question. I'
by kqr 4y ago
I feel like every crash you hear later about a few places that made a killing. So I'm not sure I understand where you're going with your rhetorical question. I'm sure there are people betting against the market now, too. Maybe they will make a killing. We can't tell until later.
You can never prove statements about the future right or wrong. The closest thing we get is putting your money where your mouth is. If someone does that, I may look on their statements with surprise, but not suspicion.
- TedDoesntTalk 4y ago> The closest thing we get is putting your money where your mouth is. If someone does that, I may look on their statements Burry certainly is: “Michael Burry has exited all his positions which as of March 31st, 2022 had a value of +$200 million. Private jail operator GEO Group was the only stock he held as of the end of the second quarter of 2022. This position brought his portfolio exposure down to only $3.3 million” … “He is calling for a huge economic recession and market crash that will bring stocks back down to real intrinsic values in the coming year. He’s not bullish on the stock market or current valuation levels.”
- 0x445442 4y agoYeah I got a really big kick out of The Big Short. I don’t know how anyone who was a home owner or potential home owner in 2005/2006 could not see what was happening. We sold our home in San Diego in 2006 because it was obvious to me the real estate market was a mirage. I wasn’t some high flying hedge fund manager, just some shlub that could do basic math.
- isthisthingon99 4y agoAnd prices today?
- Scoundreller 4y agoespecially in Canada…