there's a guy named greg litman. he's a trader at deutsch bank, still is right now, there's rumors he might legal. he's told by colleagues that housing is going to go up. he risk his career to bet housing and subprime mortgages and to pull the trade off. in my view, these guys are the climbing up a mountain. they are going to the top. and paulson make it is to top and a few other come close. but not all do. some slide back down. why some succeeded and why some didn't, it's a fascination. that's why i wrote the book. why it was these guys and not the experts. that sort of kind of drives the book, as well as the dynamic about writing about winners. i thought it would be more enjoyable to write about and read about the individuals who figured this out. we can learn from these people as well, as opposed to those who learn the mistake. that's another reason why i threw myself into the book and project. i still find it kind of fascinating. first thing is why the experts didn't see it. that kind of runs through the whole bo

so again why was it investors that i write about and not paul johnson and michael berry, greg litman? again, there's a myth out there that everybody drank the kool-aid and everybody believed in housing between my brother counts this data between 2000 and 2003 there were 1400 phrase of the phrase housing bubbles in articles in u.s. publications. and there were big stories in big newspapers and other places so it wasn't the case that my investors, the ones i write about were the only ones who were skeptical. there were a lot of people who were skeptical. so why was it they that came up? one of the reasons is they were -- some of them were a little late to the game. and that can help. so, you know, good fortune here is important as well. so there were investors who put on this trade who bought credit default swaps, this insurance on subprime mortgages than and they bought it in 2003, 2004, and nothing happened. and their bosses got upset. and they took the trade off or they took the trade off themselves and their investors got upset and their clients weren't thrilled with it. they were l