wescobrk Posted May 17, 2016 Share Posted May 17, 2016 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? Link to comment Share on other sites More sharing options...
Travis Wiedower Posted May 17, 2016 Share Posted May 17, 2016 If I bet 2% of my net worth on something, I have a lot more than "almost zero" conviction. Link to comment Share on other sites More sharing options...
Guest cherzeca Posted May 17, 2016 Share Posted May 17, 2016 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 Link to comment Share on other sites More sharing options...
AccentricInv Posted May 17, 2016 Share Posted May 17, 2016 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... Link to comment Share on other sites More sharing options...
Cardboard Posted May 17, 2016 Share Posted May 17, 2016 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 Link to comment Share on other sites More sharing options...
writser Posted May 25, 2016 Share Posted May 25, 2016 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. Link to comment Share on other sites More sharing options...
Jurgis Posted May 25, 2016 Share Posted May 25, 2016 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? :'( ;) Link to comment Share on other sites More sharing options...
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