Comment by WhrRTheBaboons
12 hours ago
shorting is not really viable anyway because you need the timing as much as the direction
it worked for the big short guys because the knew exactly when it was going to go bust
12 hours ago
shorting is not really viable anyway because you need the timing as much as the direction
it worked for the big short guys because the knew exactly when it was going to go bust
Michael Burry burned through tens of millions of dollars on holding his position. Others enter later but still ahead of the collapse. They knew and they didn’t. And even if Michael Burry new exactly when, he had to convince his investors that the millions they were losing leading up to it would get recouped.