Someone who made billions off all this!

[patientrenter]

And how would you have done that, PadreBrian? I knew about the various ABXs, and wanted to short some of them in late May ’07, but as far as I could tell, you had to be a Qualified Institutional Buyer to do that, and have enough money to get an investment bank’s attention and enter into a contract with them. I don’t think there were any exchange-traded derivatives allowing you to short the ABXs.

Does anyone on this board know if the unwashed masses (well, let’s say an Accredited Investor) could have shorted the ABX’s? Chris S?

Patient renter in OC

[Fearful]

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”.

So don’t discount luck, amigo.

[Fearful]

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”.

So don’t discount luck, amigo.

[Fearful]

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”.

So don’t discount luck, amigo.

[Fearful]

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”.

So don’t discount luck, amigo.

[Fearful]

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”.

So don’t discount luck, amigo.

[gold_dredger_phd]

There are about 8000 hedge funds. How do you pick the correct one. Someone always wins big in a casino or lottery.

He did not even know which bubble to short in 2005. We all knew there was a real estate bubble. How do you short that? I sold my house in 2005. That’s the best I could do to short real estate.

[gold_dredger_phd]

There are about 8000 hedge funds. How do you pick the correct one. Someone always wins big in a casino or lottery.

He did not even know which bubble to short in 2005. We all knew there was a real estate bubble. How do you short that? I sold my house in 2005. That’s the best I could do to short real estate.

[gold_dredger_phd]

There are about 8000 hedge funds. How do you pick the correct one. Someone always wins big in a casino or lottery.

He did not even know which bubble to short in 2005. We all knew there was a real estate bubble. How do you short that? I sold my house in 2005. That’s the best I could do to short real estate.

[gold_dredger_phd]

There are about 8000 hedge funds. How do you pick the correct one. Someone always wins big in a casino or lottery.

He did not even know which bubble to short in 2005. We all knew there was a real estate bubble. How do you short that? I sold my house in 2005. That’s the best I could do to short real estate.

[gold_dredger_phd]

There are about 8000 hedge funds. How do you pick the correct one. Someone always wins big in a casino or lottery.

He did not even know which bubble to short in 2005. We all knew there was a real estate bubble. How do you short that? I sold my house in 2005. That’s the best I could do to short real estate.

[rockclimber]

Howdy, long time no contribute…

Couple of comments. Us Piggs who have been around since 2005 or earlier know that the data was very compelling and its not totally luck. It’s about probability. I love Rich’s analogy of a bubble floating through a cactus field. Yes, it might make it, but it’s unlikely.

I remember a fairly arrogant guy back in early 2006 talking about shorting LEND and some other sub-prime lender stocks (that was back when Powayseller was still around). There was a lively conversation and his arrogance was a bit obnoxious, but man, I bet he made a killing. I wish I would have had the stones to do that. I tell you one thing, watching this unflold has taught me a lot about market bubbles and bubble mentality (still much more to learn). I want to be ready for the next one.

[rockclimber]

Howdy, long time no contribute…

Couple of comments. Us Piggs who have been around since 2005 or earlier know that the data was very compelling and its not totally luck. It’s about probability. I love Rich’s analogy of a bubble floating through a cactus field. Yes, it might make it, but it’s unlikely.

I remember a fairly arrogant guy back in early 2006 talking about shorting LEND and some other sub-prime lender stocks (that was back when Powayseller was still around). There was a lively conversation and his arrogance was a bit obnoxious, but man, I bet he made a killing. I wish I would have had the stones to do that. I tell you one thing, watching this unflold has taught me a lot about market bubbles and bubble mentality (still much more to learn). I want to be ready for the next one.

[rockclimber]

Howdy, long time no contribute…

Couple of comments. Us Piggs who have been around since 2005 or earlier know that the data was very compelling and its not totally luck. It’s about probability. I love Rich’s analogy of a bubble floating through a cactus field. Yes, it might make it, but it’s unlikely.

I remember a fairly arrogant guy back in early 2006 talking about shorting LEND and some other sub-prime lender stocks (that was back when Powayseller was still around). There was a lively conversation and his arrogance was a bit obnoxious, but man, I bet he made a killing. I wish I would have had the stones to do that. I tell you one thing, watching this unflold has taught me a lot about market bubbles and bubble mentality (still much more to learn). I want to be ready for the next one.

[rockclimber]

Howdy, long time no contribute…

Couple of comments. Us Piggs who have been around since 2005 or earlier know that the data was very compelling and its not totally luck. It’s about probability. I love Rich’s analogy of a bubble floating through a cactus field. Yes, it might make it, but it’s unlikely.

I remember a fairly arrogant guy back in early 2006 talking about shorting LEND and some other sub-prime lender stocks (that was back when Powayseller was still around). There was a lively conversation and his arrogance was a bit obnoxious, but man, I bet he made a killing. I wish I would have had the stones to do that. I tell you one thing, watching this unflold has taught me a lot about market bubbles and bubble mentality (still much more to learn). I want to be ready for the next one.

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