In the years leading up to the 2008 financial crisis, a small group of investors saw what most of Wall Street missed: the U.S. housing market was built on a foundation of risky mortgages that was bound to crack. Those who bet against it, John Paulson most famously among them, made fortunes on what became known as the big short. Jeff Tarrant, founder of Protégé Partners, has built his career finding and backing talented hedge fund managers, and the crisis years put that skill to the ultimate test. In this episode of War Stories over Board Games, Tarrant talks with Institutional Investor's Julie Segal about the trade that defined an era, the investors who saw it coming, and what it was like to watch the greatest financial crisis of their lifetimes unfold.