That is such a misleading headline. He has been shorting the market and sitting in cash since November 2017. A worldwide pandemic just happened to bail him out. Pure luck. The Big Short wasn’t luck. It was brains, research, patience, and balls
Unlike what the movie wants you to think, it was also luck, in large part. Some people has similar positions on and were forced to unwind by their primes. Some people had similar positions on with the firms that defaulted. Some PMs/traders had these positions on and had management ask to cut them because of the carry.
Never saw the movie Just read about it. But absolutely need many things to come together to make a trade like that.
Ahahaha, what can I say about that? You always need to find someone to blame, you always need to find someone to blame or to shift people's focus to a certain extent so that they spend more time on gossip than on real problems. Naturally, economic processes have taken place in China, which did not reflect the financial situation in the best way. On the other hand, it's not surprising if someone really took advantage of it. There is nothing wrong with it from a business point of view. The moral side of the issue can certainly be touched upon here, but it doesn't matter if everything is done in accordance with the law and the current market rules. So you shouldn't look for the guilty, you have to solve the pressing problems and not waste time.