I wish I knew about this abx, I would have been betting against it all the way down.
Stop torturing yourself. If you had started betting against it too early you would have been crushed or at least bled dry. Note that in the article they mention traders that made the same bets as our hero, but a couple of years earlier, and got killed.
A Texas real estate entrepreneur once spoke to my MBA class. He said real estate was not “location, location, location” but rather “timing, timing, timing”. An astute young lady, cheekier than I, asked if that was not another way of saying “luck, luck, luck”.
