[ymolodtsov]

I like how Matt Levine formulated it.

His thesis was correct. The problem is, his thesis was measured in years if not decades when his funding was measured in days and hours.

[bagacrap]

I mean that's always the case... we all know that stocks in general are going to be up 30 years from now. But we don't all leverage up 400%.

[ymolodtsov]

It was specific stocks and then he shorter some others very presciently. He was still up 80% after the collapse, you don't get that in 6 months with S&P 500.