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by AbstractH24 312 days ago
In 2000 and 2008 how many people falsely predicted the top before it actually came?

I’m too young to remember the naysayers, just the hype.
1 comments
thisisit 312 days ago
You can watch the Big Short. Michael Burry started paying out premiums on CDS in 2005. The premiums were huge. He got into a fight with his biggest investors and then had to freeze withdrawals. So, that he could still pay the premiums on the CDS. Did he falsely predict the top?
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AbstractH24 311 days ago
Right, but was he an outlier or part of a chorus?

And how many people before him incorrectly predicted the top? For how long?

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