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#4: Bill Fleckenstein on Central Banks, Financial Bubbles and White Burgundy

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Problem With the Bear Market

Stan Druckenmiller said 80% of the big money that he made over his career was in the bear market. So it's these opportunities, like you said, pressing the short side when it's time to do that. The problem with 2008 from a short selling standpoint is they kept changing the rules on you.

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