Bet against
- saridje
- Nov 29, 2020
- 1 min read
Saying "Everyone’s wrong" is a very hard business.
That was exactly what Dr. Burry said to Bankers when he was about to bet against the housing market:
"Based on prevailing sentiment of the market, the big banks, and popular culture, yes, it’s a foolish investment. But everyone’s wrong."
"Prevailing sentiment and popular culture" are two dangerous gauges. Which has brought us poverty, demolitions, wars, overpopulation, and eventually maybe a catastrophic climate collapse.
I read this once:
Bet against the consensus and be right that is fucking awesome!
Indeed it is. I hope we do that more often.
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