Sorry, but I donāt think thatās fair.
As I understand it, Bury was a contrarian investor. He was doing the opposite of what most hedge funds were doing - so much so that he had an investor revolt (ārunā on his fund) on his hands. itās part of the reason he made so much money - the opportunity he uncovered was overlooked big time.
most hedge funds, on the other hand, were buying the collateralised debt obligations (CDOs; mortagge bund;es) - which were ticking time bombs, sometimes with peoples pension money.
There are great, ethical hedge funds/short sellers out there. Hell, Carson Block is one of my heroes. But I think itās fair for wsb to say wall street/hedge funds on the whole need to be put in their place.