As the under-the radar-math-focused guy who made billions shorting the US mortgage market, Michael Burry offers an insightful summary of the history of the housing bubble, how he saw the bust coming, how he profited and why most of those “in the know” were oblivious then and remain so today. (Hat tip: MG) Common sense, practical assessments trump.
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hindsight is 20/20
You are correct, hindsight is 20/20. Mr. Burry was also correct, he made the right investment decision and made hundred of millions of dollars for his clients. Not too many people can say the same.