By Boris Schlossberg from
BK Forex
In Alchemy of Finance, the legendary trader George Soros recalls
his short of the home builders in the 1970s. He notes that he profited
handsomely from the trade, but then did something interesting — he looked at
his own notes for the original thesis for the trade which discussed how the
sector would dive then rebound and then collapse once again. Revisiting his own
words Soros decided to re-short the builders and once again walked off with a
handsome profit.