Looks like Dr. Burry is right, again

[JSOP]

https://www.barrons.com/articles/water-is-getting-more-expensive-thats-an-opportunity-51629966600

That's what Michael Burry was investing in, at the end of "The Big Short". And that was back in 2009. Now 12 years later, looks like he's about to cash in, again.

 

[horizon]

https://www.barrons.com/articles/water-is-getting-more-expensive-thats-an-opportunity-51629966600

That's what Michael Burry was investing in, at the end of "The Big Short". And that was back in 2009. Now 12 years later, looks like he's about to cash in, again.

I remember that part. But I think he is no longer doing that, check his F13.

 

[JSOP]

I remember that part. But I think he is no longer doing that, check his F13.

Really? That is a shame. He prob. cashed in already considering how fast the water prices have been going up.

 

[Laissez Faire]

Seems like he's been plenty wrong, too, lately.

 

[JSOP]

Seems like he's been plenty wrong, too, lately.

Why? By betting against Cathie Woods?

 

[SPX Options Trader]

Wall St is nothing but a game of egos, and wannabe Nostradamuses...even Nostradamus himself...was no Nostradamus. That guy made and wrote and talked about a lot of random stuff...and brags about the rare, few, that actually hit and happened.

 

[trader221]

I don't like it when this guy is right.

 

[Laissez Faire]

Why? By betting against Cathie Woods?

I may even agree with Burry, but ultimately the market is right. If I remember correctly, he would not have lasted much longer before the market crashed in 07/08. He was literally bleeding money before finally cashing in.

There's no use in being right if your timing is wrong.

Over 500 S&P points lower:

https://twitter.com/mikeburrysaved

 

[JSOP]

I may even agree with Burry, but ultimately the market is right. If I remember correctly, he would not have lasted much longer before the market crashed in 07/08. He was literally bleeding money before finally cashing in.

There's no use in being right if your timing is wrong.

Over 500 S&P points lower:

https://twitter.com/mikeburrysaved

View attachment 266828

Nobody's timing is always correct unless you are insider trading. Since he was betting against the market, a heavily rigged market with all parties colluding, it was almost a miracle that he survived and made a tremendous profit.