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I'd say the short was more like "when others are greedy, be greedy and aware". Buying the assets once the markets had already collapsed, and they were underval
by kylecazar 1y ago
I'd say the short was more like "when others are greedy, be greedy and aware".
Buying the assets once the markets had already collapsed, and they were undervalued, would have been more of a Warren Buffet thing to do.
- chistev 1y agowhat does it mean to be aware?
- deleted 1y ago[deleted]
- Corgipower12 1y agoMy 2 cents TLDR: seize opportunity but based on sound analysis and caution, not blind optimism. I think they are saying something of the effect of: 1. The short trade (The Big Short or similar trades during the housing bubble) happened during a period of market euphoria. I.e. when most investors were irrationally confident and greedy. 2. Instead of sitting out or being fearful (as Buffett's original advice would suggest), the people who shorted the market took an aggressive position. They were indeed "greedy" in the sense of seeking profit, but they did so with deep awareness of the systemic risk that others were ignoring.
- kylecazar 1y agoPrecisely my take, thanks for the elaboration!