Monday, July 14, 2008

Subprime Mess

This guy made like $4 billion shorting the subprime mortgages. Makes me kick myself... I saw exactly what was going to happen years ago, and it happened exactly as I predicted, but I didn't make a dime off of it.

If I'd known how to short subprime I might have been able to. That was a big roadblock. I still don't know how you short a market like that. You can't sell a mortgage short. Or maybe you can. I don't know.

I guess even if I had the money to have invested in this I probably still wouldn't have made a dime as I still don't know how you go about doing that, but I did have the idea. And seeing that other people made billions of dollars by thinking the same thing I did while I made $0 is just annoying.

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