• Helix8o8@lemy.lol
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    3 hours 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.

    • justsomeguy@lemmy.world
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      3 hours 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.

      • Almacca@aussie.zone
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        3 hours ago

        I did a search on the internet for ‘big ass bubble’, and to my surprise the results had nothing to do with a.i.

    • wewbull@feddit.uk
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      2 hours ago

      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.