> Doing so helped me to make lots of money in the second half of 2020 betting on pandemic-sensitive stocks (not Hertz), since most investors were too pessimistic about vaccines for much of that period.
You can make money by betting against politically-motivated "common wisdom". Trump said the vaccines would be ready before 2021, and everyone else said it was impossible. Some said it could take two years. That became the common wisdom. But in this case they were wrong, and the stock market roared back when the results were released right after the election.
Many people realized Trump had a clear motive to shade the truth on vaccine readiness, but they didn't realize that anyone who opposed to Trump had a motive to shade it in the opposite direction.
You can make money by betting against politically-motivated "common wisdom". Trump said the vaccines would be ready before 2021, and everyone else said it was impossible. Some said it could take two years. That became the common wisdom. But in this case they were wrong, and the stock market roared back when the results were released right after the election.
Many people realized Trump had a clear motive to shade the truth on vaccine readiness, but they didn't realize that anyone who opposed to Trump had a motive to shade it in the opposite direction.