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| Name | The Greatest Trade Ever |
| Video Uploader | Video From The Market is Open |
| Upload Date | This Video Uploaded At 16-05-2020 13:12:02 |
| Video Discription | Bill Ackman was terrified about what would happen to the markets in February 2020 so he placed a bet against $64.7 B of investment grade bonds. This bet was through credit default swaps (CDS). CDS essentially allow a buyer to buy insurance in case a bond defaults. However, sometimes traders buy this insurance without owning the underlying bond. This is what Michael Burry did in his famous 2007 “big short” manoeuvre. Ackman pulled off a similar big short, which we call Big Short #2. Despite the funny sounding name, this trade took only about 1 month to pay-off $2.6 B. Burry’s trade took several years so it could have cost his fund a lot of money if the bet didn’t eventually go his way. So which trade do you think was better? Excel sheet is here: Patreon: https://patreon.com/themarketisopen The Music in the video is the following: 1) Which Way Is Up? 1:59 Silent Partner Dance & Electronic | Dramatic 2) Follow The Shadows 0:02 / 2:46 The 126ers Pop | Sad Great Investor Series: Buffett Portfolio Review 2020: https://youtu.be/ovOqfj4TbFs Buffett's Partnership Years: https://youtu.be/YDR6DoCHYYY Buffett's Earliest Investments: https://youtu.be/KQ4C070YPPo Jim Simons The World's Most Successful Investor: https://youtu.be/_RpPg4ew4E4 Patreon: https://patreon.com/themarketisopen Twitter: https://twitter.com/themarketisopen The Best Stock Market Website on the Internet: https://themarketisopen.com Disclaimer: We are not financial advisers, and nothing on this channel is meant to be financial advice. The ideas expressed on this channel are purely opinions and should not be regarded as objective information. Nothing on this channel is a recommendation to buy or sell securities. Do not assume that facts and numbers in any video are accurate. Always do your own due diligence. |
| Category | Education |
| Tags | Bill Ackman | Ackman | Pershing Square | Buffett | Warren Buffett | Berkshire Hathaway | Michael Burry | Scion Capital | Burry | Credit Default Swaps | The Big Short | The Big Short #2 | Stock Market | Investing | Insurance | Hedge Fund |
