When all was said and done, Burry's bet through Scion Capital made his fund's investors around $725 million, and he pocketed a tidy $100 million.
While he closed Scion Capital in 2008, he now runs Scion Asset Management, a hedge fund that has over $103 million in assets under management. Although subprime mortgages are making a comeback today under a new name, Burry isn't betting against housing today, at least not yet.
Key Takeaways. Michael Burry is an investor who profited from the subprime mortgage crisis by shorting the 2007 mortgage bond market, making $100 million for himself and $700 million for his investors.
Sometimes referred to as the greatest trade in history, Paulson's firm made a fortune and he earned over $4 billion personally on this trade alone. Paulson worked with Goldman Sachs to provide liquidity for low-performing home loans in Arizona, California, Florida and Nevada.
Blackstone Group is by far the biggest buyer of single family houses with an estimated $2.5 billion totaling up to 16,000 single-family houses and they are currently in Atlanta GA, Chicago IL, Las Vegas NV, Phoenix AZ, and Inland Empire, LA, Sacremento Valley, Bay Area, Central Valley California, Miami Orlando and ...
The Great Recession devastated local labor markets and the national economy. Ten years later, Berkeley researchers are finding many of the same red flags blamed for the crisis: banks making subprime loans and trading risky securities.
I would say that it is fairly accurate, but does not give a complete picture. The creators very much have an opinion about what caused the crisis, and who was in the wrong. There are many key facets of the crisis that are completely ignored.
He has a glass eye-
Because of a rare form of cancer, he had to get his left eye removed before the age of two. After a certain age, he has been donning a glass eye, which has made it difficult for him to make proper eye contact with people.
Factual errors. Mark Baum (in real life, Steve Eisman) never lost a brother. It was the death of his infant son that so changed him. This detail was intentionally altered by the filmmakers at Eisman's request.
At the end of the movie The Big Short, it said that Michael Burry was focusing all of his trading on one commodity: Water. So In this video, I look at how ordinary investors like you and I can also invest in water, not directly but through investing in water ETFs.
What is Keith Gill's net worth in 2025? If Gill's Gamestop position hasn't changed since he last made it public in June 2024, he owns 9 million shares, which as of early 2024, would be worth around $275 million. If Gill still holds both of these stock positions, his net worth could be around $580 million.
He started his residency at the Stanford University Medical Center but did not finish because his investing hobby quickly became a full-time job. Burry posted his investment ideas online and quickly became a must-follow in the early days of the internet.
Based on the price that these shares were trading at last week, QXO was worth, on paper, a whopping $90 billion.
Steve Carell played Mark Baum in The Big Short. Baum is based on Steve Eisman, but the producers changed his name for the film.
Why in the movie The Big Short, Jamie and Charlie bet 12 million on CDSs, a return of 25 to 1 and generate 300 million, but the returns didn't happen and they had to sell the CDSs for 80 million? I don't remember their positions. But a CDS has to have a credit event to pay off. Not all of them did.
By 2010, he managed more than $1 billion for FrontPoint, and gained prominence after being profiled by Michael Lewis in his book The Big Short: Inside the Doomsday Machine. In the movie adaptation of Lewis' book, The Big Short, Eisman's name was changed to Mark Baum, and he was portrayed by actor Steve Carell.
Michael Burry made a personal profit of $100 million by correctly predicting the 2008 financial crisis and shorting the mortgage bond market.
Some right-leaning columnists have fiercely criticised the film for focusing too much on chicanery in the finance sector while neglecting the role of government regulators as well as the subprime risk assumed by Fannie Mae and Freddie Mac.
In 2005, Burry started to focus on the subprime market. Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007.
On January 13, 2015, Variety reported that Brad Pitt, Christian Bale, and Ryan Gosling were set to star in the film, with Pitt producing the film along with Dede Gardner and Jeremy Kleiner. Plan B Entertainment would produce, with Paramount handling the distribution rights.
Key takeaways. In light of recent economic developments, J.P. Morgan Research has raised the probability of a U.S. and global recession starting before end-2024 to 35%. The probability of a recession happening by the end of 2025 remains unchanged at 45%.
Did Anyone Go to Jail for the 2008 Financial Crisis? Kareem Serageldin was the only banker in the United States who was sentenced to jail time for his role in the 2008 financial crisis.
For the whole year of 2008, NAR reported that the median existing-home price dropped by 9.5% to $197,100, compared to $217,900 in 2007. S&P/Case-Shiller Home Price Indices: Home prices fell by 18.2% in November 2008 compared to November 2007 in 20 major metropolitan areas.