You guys should really read the book The Big Short when you have time.
These hedge fund guys will never attempt to making a mistake, they keep digging deeper and deeper until it explodes in their face.
If I lost millions/billions of dollars for the company I work for, I would be sweating bullets. But these guys (the main ones at least) got to keep their bonuses and continue on with no repercussion.
exactly....I would of already closed my positions when I saw I was taking a loss. but they have doubled and tripled down so many times I can't explain their logic...Like if you take a loss just take it and move on....But it wouldn't be a potential MOASS if they thought like that....I'm convinced some of these funds would rather just go out of business rebrand rather than just admitting a loss.