In 2008, Michael Burry bet against the housing market... and won. Depicted in The Big Short by Christian Bale, Burry was one of the first investors to spot the weakness in US mortgage bonds in the early 2000's, and by buying credit default swaps in he height of the bubble, he made over $700 million in the crisis that followed.
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★ ★ CONTENTS hantavirus milano ★ ★
0:00 Michael Burry's Big Bet
1:38 Mortgage-Backed Securities
5:50 How Mortgages Blew Up the Economy
15:20 How Burry Made Millions with Credit Default Swaps
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Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative (Number 1305795) of Guideway Financial Services Pty Ltd, AFSL Number 420367. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it's appropriate for you. Read Brandon's Financial Services Guide andrew painter available from Past performance is not a reliable indicator of future investment returns.
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