Saturday, June 23, 2012

A Revealing Episode

Micahael Burry predicted the 2008 financial crisis and made about 100 million dollars for himself and around 700 million dollars for his clients by shorting the market . He wrote an Op-Ed in the New York Times titled 'I Saw the Crisis Coming. Why Didn't the Fed?'. What happened to him as a result of writing this Op-Ed? See what happened starting from minute 14:00 to 15:40. This should tell you something.  

1 comment:

  1. I'll check it out. The comments make it sound real good.

    ReplyDelete