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Investors cash in on the impending catastrophe from "summary" of The Big Short: Inside the Doomsday Machine (movie tie-in) by Michael Lewis
Investors who saw the impending catastrophe coming saw an opportunity to make money. They didn't just sit back and watch as the financial system headed for disaster - they took action. These investors were able to see the cracks in the system, the warning signs that others were ignoring. While many people were caught up in the optimism and believed that the good times would last forever, these investors were looking ahead and preparing for the worst. They knew that the housing market was overinflated and that a collapse was inevitable. Instead of burying their heads in the sand, they decided to capitalize on the situation. By taking out insurance policies against the housing market, these investors were essentially betting that the market would crash. They were going against the grain, goi...
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