Well he found out about the sub-prime mortgage fiasco by looking at the public filings that nobody bothers reading. All of the companies involved are public companies that have to file accounts. He’ll be tracing what’s going on and painting himself a picture.
Comment on The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops
Helix8o8@lemy.lol 3 days ago
Lol well, wonder where he gets his information. Seems sus. I am familiar with who he is. Just curious what piece of information was the “tipping” point. People don’t put money down like that unless they have insider knowledge, IMO.
wewbull@feddit.uk 3 days ago
justsomeguy@lemmy.world 3 days ago
Yeah they do though. His bet before the 2008 crash was similar. It’s where the market is pointing. Publicly available data suggests there’s a big ass bubble. The timing is essentially a bet. Last time it almost wiped him out because he was a bit early. We’ll see how it goes this time.