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.
Follow
____________________________
Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
;
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.