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Sure, but at least remember that the position came after his beliefs on the market. He wasn't assigned a random position and then needs to sell it - this is wha
by IncreasePosts 3y ago
Sure, but at least remember that the position came after his beliefs on the market. He wasn't assigned a random position and then needs to sell it - this is what he believes, and he put his money where his mouth is.
- infecto 3y agoI don't need to remember anything, he of course made those investments, if they exist at all. Everyone has an opinion, even for the individuals who have historically made lots of money, but they are often wrong. Lets not forget that.
- IncreasePosts 3y agoOf course they could be wrong - my point is that he isn't just trying to sell you something that he's been burdened with. No one said you need to believe him - I was merely pointing out that him having a position and talking about his belief in the position is quite different from a talking head.
- infecto 3y agoHe is trying to sell you something though. That is my point. Maybe he is wanting to buy CRE at an ultra discount, maybe he is holding an inverse position. The only reason to be so public about bets is because you have some sort of angle not that you have conviction in your public statements/comments.