'Big Short' investor Greg Lippmann eyes resilient assets for tough environment: 'buy the bad at the horrible pricing'

• Greg Lippmann of "The Big Short" fame sees a soft landing as unlikely, he told Bloomberg TV.
• His portfolios are focused on resilient assets, such as partially paid collateralized loan obligations.
• "And you just buy the bad at the horrible pricing. It's going to go up."

Greg Lippmann, founding partner at LibreMax Capital, is focused on resilient assets as the chances of a soft landing are slim.

Betting that persistently high interest rates or a hard landing are likely in the future, he told Bloomberg TV on Wednesday that partially paid down collateralized loan obligations are a reasonable investment.