Part 4/8:
Digle draws a parallel to the 2008 financial crisis, where the confluence of systemic risk and excessive leverage created ripe conditions for market collapse. Back then, his firm made significant profits by betting against failing banks through instruments such as credit default swaps. With asset prices now soaring to seemingly untenable levels and with central banks constrained in their ability to intervene aggressively, the current landscape carries hints of past fragility.