The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 4 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Capo: Hedge fund got repeatedly stopped out shorting housing stocks before crash
“What ended up happening was the last year I was there, we were shorting housing stocks. We were shorting mortgage insurance companies. It just kept going up. They just, they kept on going up on us. We kept on getting stopped out”
Derek Capo: Everest Capital Main Fund Managed $300M-$400M Around 2004
“The main fund at that time, I think, was about 300 or four hundred million dollars, and we put about a one or two percent position, which basically means two percent of the entire fund was invested into buying shares of the company, and so two percent of like …”