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BPYPN - Jason Mudrick Was Right About The Secular Decline Of Malls
Brookfield Property Partners L.P. - 5.75% PRF PERPETUAL USD 25 - Cls A Ser 3
On April 4, 2017, I penned a piece: Hedge Fund Analyst Jason Mudrick Claims: Decline In Malls Is A Forever Trend. Within the piece, I suggested that Jason's claim was a bit hyperbolic and noted that it can be quite profitable to bet against the popular wisdom of the day. My thought process then was that a lot of pessimism was priced in and that is often super dangerous to make such a bold claim like a 'forever trend'. So although I did make some good money in Macy's (M) during its