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It's not about his predictions, but his admitted market manipulation. I don't know how "in the know" he is now, but all you need to know about his motivations i
by sidlls 4y ago
It's not about his predictions, but his admitted market manipulation. I don't know how "in the know" he is now, but all you need to know about his motivations is encapsulated in the first minute of this interview: https://www.youtube.com/watch?v=8DJlogbrDcA https://www.youtube.com/watch?v=8DJlogbrDcA.
He's a market manipulator, or was when he was in that hedge fund, and there's every reason to believe that he still would do this now for his own personal benefit if he could. Basically, if he's promoting a position it's probably a really good idea to strongly consider taking the opposite one, or just ignoring it (which is likely the better idea).