Could Michael Burry, Nicknamed The Big Short, Lose Money?

Michael Burry, who earned a fortune in the 2000 and 2008 crises, told the SEC that he acquired regional bank shares in the first quarter. Burry may have sold shares before or during the banking crises. After tweeting “SELL” on the final day of January, Michael Burry later said “I was wrong” in March admitting that he had invested in organizations whose names were affected by the recent banking crisis.

Who Is Michael Burry?

American investor Michael Burry is famous for foreseeing the 2008 meltdown of the housing market . He established Scion Capital a hedge fund that successfully hedged against the risk of subprime mortgages via the use of credit default swaps . The book and film “The Big Short” brought attention to his tale. Through careful research and a contrarian approach to investing Burry was able to benefit from the crisis . This elevated his profile in the financial world.

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