BLOOMFLY 4000 · TERMINALSEAT 001 · UNPOPULAR
POSITION REPORT · CONFIDENTIAL

THE BIG FLY

SOME SAW THE CRASH. HE SAW OPPORTUNITY.

CLICK ANYWHERE TO OPEN THE DESK
BASED ON A TRUE STORY*  ·  *ABOUT FLIES, NOT HUMANS

THE BIG
FLY

$BIGFLY

he read every page of the mortgage bonds, found the rot on page 4,000, and shorted the entire thing while the whole floor laughed.

the simple version: $BIGFLY is the coin of a fly who is short. not short-term. just short. he opened the position years ago, he has never closed it, and every morning he checks the tape and says "still early".

he sits in a glass office with his shoes on the desk and a cigar he never lights properly. the phone rings all day. it is always the same people asking him to close the trade, and it is always the same answer: no.

BUY $BIGFLY READ THE BONDS · MINI-GAME
CONTRACT tbа on launch · click to copy
LIVE · DESK CAM 0109:31:04
INCOMING · GOLDMAN · LINE 2
the fly at his desk, shoes up, cigar in his mouth, entirely unbothered by the rally the fly taking another call from a bank that wants him to close the short
POKE HIM · HE PAYS
▶ OPEN THE DUE DILIGENCE TERMINAL 8 bonds. one rotten loan in each.
01

THE DESK

DUE DILIGENCE · READ THE LOANS · FIND THE ROT
BLOOMFLY 4000 · DUE DILIGENCEAWAITING FIRST BOND
POSITIONS SHORTED0 / 8
MARK TO MARKET$0
CONVICTION100%
THE FLOOR SAYS"he is insane"
BOND — · ORDER FROM THE FLY
press start. i will tell you which loan is the rotten one, you find it in the stack.
LOANBORROWERJOBINCOMEFICODOCS

THE BOOK · 8 POSITIONS

    TAPE · EVENTS

    08:59 · the fly arrives, nobody looks up
    02

    THE BOOK

    UNLOCKS AS YOU FILL THE POSITIONS
    03

    FIELD NOTES

    DESK CAM · WEEK 61 · STILL SHORT
    the fly on the phone at an open-plan desk, a sign behind him reading bad flies make good money
    NOTE 01 · 06:12

    the calls

    they call before the market opens to tell him he is wrong, and they call after the close to tell him he is still wrong. he keeps the receiver on his eye and lets them finish. the sign behind his desk has not been taken down once.

    the fly in front of a wall of red arrows and falling numbers, head down
    NOTE 02 · 16:00

    the wall

    when the wall finally turned red he did not celebrate, he just wrote the number down in a notebook nobody has ever seen. someone asked him how he knew. he said he did not know anything, he just read the pages the rest of them skipped.

    the fly standing on a suburban street in front of a foreclosure sign
    NOTE 03 · SATURDAY

    the field trip

    on weekends he drives out to look at the houses in the bonds he owns a short against. he does not talk to anybody there, he just counts the signs on the lawns and writes the number on the back of his hand.

    04

    THE POSITION

    TRADE TICKET · UNSIGNED · UNCHANGED
    TICKET #0001 · $BIGFLYSIDE: SHORT EVERYTHING ELSE
    SUPPLY
    1,000,000,000

    one billion, printed once, on paper he refused to reprint. he counted it twice, put the sheet in the drawer with the bond prospectus, and has not opened that drawer since.

    LIQUIDITY
    BURNED

    the keys went into the same ashtray as the cigar he never finishes. he says a position you can walk away from is not a position, it is an opinion, and he does not trade opinions.

    TAX
    0 / 0

    nothing on the way in, nothing on the way out. the fly already made his money being early and wrong for four years, he is not going to take a percent off you for buying a jpeg of his face.

    OWNERSHIP
    RENOUNCED

    he signed the contract away without reading it, which he admits is the single most out-of-character thing he has ever done. then he put his shoes back on the desk and went back to watching the tape.

    FINAL MARK · 16:00

    THE MARKET FINALLY
    AGREED WITH HIM

    +$1,340,000,000

    eight bonds, eight rotten loans, one fly who read every page. the floor that laughed at him for four years is now on the phone asking if he is hiring.

    BUY $BIGFLY