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Michael Burry Discusses Investing in Farmland, Real Estate, Gold

| 8 September 2010 13:33

Michael Burry, the former head of Scion Capital LLC, made a big name predicting the housing market’s decline by taking short positions against it as lionized in Michael Lewis’ book "The Big Short."

Here he talks with Bloomberg’s Jon Erlichman about the blame game post-housing crash. No one is taking any blame; He calls it an utter abdication of personal responsibility throughout our society. That’s because the bubble was just one of those hundred year floods. Whocouldanode?

In the second video, he talks a bit more about his investments in agricultural land, real estate and gold in the aftermath of the bubble’s bursting.

And in the third video, he gives us his discusses derivatives and the SEC suit against Goldman, one of the few high profile cases brought against Wall Street in the aftermath of the bubble. At the tail end of the housing bubble, Burry worked with Goldman to craft the deals that ultimately reaped huge profits for him but resulted in massive losses for others.

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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.

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