By the end of February 2000, the NASDAQ Composite Index had broken through the 5,000-point mark. The once-mighty Tiger Management hedge fund had also been forced into liquidation after shorting tech stocks;
Meanwhile, although Quantum Fund had reaped substantial gains from tech stocks during two quarters last year, NASDAQ's continued frenzy this year had given George Soros some concerns. At the start of the year, Quantum Fund had liquidated all of its tech stock holdings.
But now, with Tiger Management's liquidation and NASDAQ breaking past 5,000, Quantum Fund had returned to tech stocks, determined to reclaim Wall Street's crown as the top hedge fund by aggressively going long on tech shares;
At the current peak of the technology bubble, Quantum Fund's actions were undoubtedly digging its own grave!
On Malibu Colony Road, in a luxurious beachfront villa, Aaron woke up in bed with his arms around Catherine Zeta-Jones and Jennifer Connelly.
"Eh, the Dallas Mavericks were bought by billionaire Mark Cuban for $280 million?"
Jennifer Connelly was flipping through a newspaper on the living room sofa.
Across from her, Aaron was reading a newspaper about Quantum Fund massively going long on tech stocks, secretly delighted. Quantum Fund was about to take a serious loss this time;
That old squid Soros was about to face the biggest setback of his life!
"Mark Cuban? Ha, I know him," Aaron said, putting down the newspaper and lying back into Catherine Zeta-Jones's embrace.
"Yahoo acquired a live sports streaming website he founded in the second half of last year, paying with $5.9 billion worth of stock;"
"Mark Cuban received nearly $2 billion in Yahoo stock. He must have cashed out. Spending $280 million to buy the Dallas Mavericks wasn't a loss;"
"After all, the Dallas Mavericks are building their new luxury home arena, the