Comment on Google CEO: If an AI bubble pops, no one is getting out clean
buddascrayon@lemmy.world 1 month agoActually it’s more about the how. The people betting against the housing market put their chips down as early as 2005. They just had to find a way to profit from it.
el_abuelo@programming.dev 1 month ago
Interesting. And what was the how back then?
dontsayaword@piefed.social 4 weeks ago
Sub-prime mortgages going into default en masse
el_abuelo@programming.dev 4 weeks ago
That’s not how people made money. That’s what precipitated the crash. Shorting companies that were exposed would have been one route to make money - but as I said before, the smart piece there is in the timing not the mechanism. Shorting stock isnt difficult…Shorting it at the right time can be.