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Jun 1, 2017

Water

by Michael Patenaude
The Trend Hedge fund manager Michael Burry is one of the protagonists in the 2015 movie The Big Short . In 2005, he predicted the impending collapse of the US housing bubble due to the instability of sub-prime loans. In the postlude to the movie it is mentioned that Burry still does some limited investing and it is “…all focused on one commodity: water.” Water is often marked by its scarcity, sometimes even severe scarcity, in many locations on earth. This...
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