Forged, correct he did close his postion. But IF he had kept his Facebook position.
So was he right ? He was about Facebook. It was just timing.
Anyway, the old “markets can be irrational,longer that you can stay solvent”. He decided to stay solvent.
Take a look at the video. Anyone, not just Forged.
Go to the 5.08min mark and watch to the 5.48min mark.
Apply what he says to today re: wages, interest rates, house prices, debt, reserve bank bosses and liar loans.
It is not just Burry warning people. Buffet and similar long term successful investors are saying similar.
The writing in red after a Burry quote is my editorial.
18 year property cycle, page-233
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