Kyle Bass On The Art of Short SellingGuest Post
By thelongshorttrader Kyle Bass, Hayman Advisors, on short selling:
Question: What was the worst trade of your career?
The second company I ever sold short was a disaster. The first one was actually a great trade. It was an East German shipbuilder that was being heavily subsidized by the government when the Berlin Wall came down. The executives were not applying the subsidies to the shipyards. We shorted the stock around 100 Deutsche marks and . . .
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