Hedge fund manager, trader, macro investor and founder of Moore Capital Management, Bacon also correctly predicted the stock market crash in 1987 and used futures contracts to take massive short positions and net tidy profits.
Bacon founded Moore in 1989 and in its first year it made an 86% return; partly due to him shorting the Nikkei index just before the collapse of the Japanese markets and also because in 1990 he predicted that Saddam Hussein would invade Kuwait. He went long on oil and short on stocks, and made a lot of money.