If only you could spot the next sure thing, right? I mean, everyone knew the internet stocks were going to crash in 2001 and the housing, sub-prime market was going to tank in 2008, right? Probably not.
This guy did, Michael Burry. Remember, he was the eccentric personality in "The Big Short" and made an unpopular, ultimately successful bet on the real estate collapse. How did the collapse happen and how did they make money from it? Watch this.
Does he have his eye on anything now? Burry claims index funds, of all things!
In the movie, Steve Carell played hedge fund manager Steve Eisman and he'd appeared on CNBC in October 2019. Mr. Eisman chimes in on the current market, banking industry and a couple of his shorts? At the time of the CNBC airing, Steve Eisman was short Tesla (TSLA) and Zillow (Z); Tesla was $257. Of course, Tesla has gone on a meteoric rise, since, and is now $564.
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