This guy shorts stuff and eats shit all the time. It's obviously a bubble and everyone knows it, but while this might be the top, the top might also be 4 years and +60% from here. The market is not going up or down for rational reasons.
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He does, but on average he outperforms market returns three or four times. He ain't gonna get it right every time but he's not just shorting shit willy nilly
The market can stay irrational longer, than you can stay solvent.
indeed
Now if I recall the movie correctly, everyone lost a bunch of money because the bubble didn't pop for like a year after they predicted. So let's see.
He ended up losing a lot of money on the bet for a while yeah, but it paid off in the end IIRC
From listening to interviews and watching a few videos because the movie piqued my interest, I’m pretty sure Burry actually had it predicted within a few months because he factored in that a lot of the garbage loans had locked in low interest rates for x number of years, and he figured once they went variable everyone would start defaulting.
I guess he held short positions well before his actual predicted time for the crash as a hedge in case his prediction was wrong?
Damn, archive doesn't work on this WSJ article
yeah I tried it too with no luck
I feel like anyone who knows how Nvidia is involved with the AI bubble knows that the time to short it is coming.
Turns out all you need to do to short a company is look at the PE ratio (well, for palantir at least)