Subprime- One of the greatest short sales in history

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One of the greatest short sales in history

Wednesday, March 03, 2010
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By Daily Crux Editor Justin Brill:

Michael Lewis, author of the bestsellers Liar's Poker, Moneyball, and The Blind Side, is out with his latest book, The Big Short.

In an excerpt from this month's Vanity Fair, Lewis details how a previously unknown medical doctor turned investor and hedge fund manager - Michael Burry - created the first bets against the subprime mortgage market in 2004, long before John Paulson, Goldman Sachs, and the rest of the investment world caught on.

It's a fascinating read, and offers a glimpse inside the mind of a contrarian investment prodigy.

Read full article...

More on short selling:

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Topics:		Subprime \| Short_Selling \| Cruxallaneous

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