Soros Short Bets Big Against US

[wescobrk]

I'm not copying the cnn article in case there are copyright issues, but the headline was he bets big with a $430 million short bet.

The article also says his net worth is $25 billion.

 

How the hell is 2% a "big" bet?

Sounds like a almost zero conviction bet to me.

 

I guess I'm getting cranky as I get older, but how the hell do these articles get written?

I guess they got me to click and that is all that matters.

Who cares about quality of writing now?

[Travis Wiedower]

If I bet 2% of my net worth on something, I have a lot more than "almost zero" conviction.

[Guest cherzeca]

I'm not copying the cnn article in case there are copyright issues, but the headline was he bets big with a $430 million short bet.

The article also says his net worth is $25 billion.

 

How the hell is 2% a "big" bet?

Sounds like a almost zero conviction bet to me.

 

I guess I'm getting cranky as I get older, but how the hell do these articles get written?

I guess they got me to click and that is all that matters.

Who cares about quality of writing now?

 

first mistake is to read cnn

[AccentricInv]

These are puts, which means when they expire he's likely to put up ANOTHER 2% to rollover the position.

 

Plus if he's right, those puts will be worth 10x, or contribute 20% of his net worth.

 

It's not inconsequential...

[Cardboard]

http://www.forbes.com/sites/petertchir/2016/05/17/the-big-short-might-be-a-great-movie-but-a-bad-investment-strategy/?utm_source=yahoo&utm_medium=partner&utm_campaign=yahootix&partner=yahootix#43ea334676d8

 

Cardboard

[writser]

Good article on the "Soros put" story: http://www.bloomberg.com/view/articles/2016-05-25/kick-the-click-bait-habit .

 

So please folks, don’t encourage this foolishness by giving in to the temptation to click on every salacious, but misleading, headline you see. You will only encourage them.

 

I would add: please don't encourage this foolishness by reposting said stories on this forum.

[Jurgis]

Good article on the "Soros put" story: http://www.bloomberg.com/view/articles/2016-05-25/kick-the-click-bait-habit .

 

So please folks, don’t encourage this foolishness by giving in to the temptation to click on every salacious, but misleading, headline you see. You will only encourage them.

 

I would add: please don't encourage this foolishness by reposting said stories on this forum.

 

Thanks so much. I clicked your link... and then clicked another 10 links in the Bloomberg link list.  :-\ Another hour wasted...  :'( Why did you do it?  :'(

 

 

;)