The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: stevenallen who wrote (25653)	2/1/2005 11:41:23 AM
From: mishedlo	Read Replies (4) of 110194

For all of his shortcomings, I wouldn't underestimate Gate's business acumen - he was a "pioneer" in making widespread use of paying employees with options, and of contracting out major sections of projects (to avoid paying benefits as well as high wages). He clearly has a taste for money and knows how to play with it. Then why wasn't he betting against the US$ at .82, .95, 1.05, 1.15, 1.20, or even 1.25? No he waits until after an enormous move then figures out its time to short the US$ at or near 1.30. Seems rather silly to me. Maybe he gets .15 out of it. Maybe more, but to announce it as if it was such a great revalation now looks more contrary than anything else. Mish

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