"Burry (Michael Burry of The Big Short fame) told his investors to come in with him on a massive bet against the housing market in 2005. It took years for Michael's predictions to play out. However, when they did, he returned a personal profit of $100 million and $700 million for his investors."
Initially, Burry and his investors were short squeezed and it did not appear that his bet against the housing market was going to pay off. We all know how that played out over time. The bust is coming - the can will be kicked down the road for only so long.
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