Short sellers profited from the market's collapse from "summary" of The Big Short by Michael Lewis
Short sellers were the ones who saw the collapse coming, who bet against the market and made millions when it happened. They were the ones who saw the flaws and weaknesses in the system, while everyone else turned a blind eye. They were the ones who did their homework, who understood the complex web of mortgage-backed securities and credit default swaps that were fueling the housing bubble. These short sellers were not your typical Wall Street types. They were outsiders, mavericks who saw an opportunity where others saw only risk. They were willing to take a chance, to go against the grain, to stand up to the big banks and hedge funds that were profiting from the status quo. These short sellers were portrayed as villains, as greedy opportunists who were trying to profit from the misery of others. But in reality, they ...
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