tearing wings off butterflies

John Hempton:

Politics makes people believe the strangest things – so let’s try make money from their stupidity.

I know someone that made billions (yes billions) of dollars betting that subprime lending would end in a crisis – and they only had to risk tens of millions of dollars to make that money.

Stupid ideology gave huge profit potential.

That stupid ideology came from the right because at the moment there is (much) more stupid ideology on the right – but again it was not always that way and will not always remain that way.