Michael Burry: Lawrence, I found something really interesting. Lawrence Fields: Great, Michael. Whenever you find something interesting, we all tend to make money. What stock are you valuing? Michael Burry: No stocks. I want to short the housing market.
This quote occurs at 00:12:10-00:12:23 in the video.
In 2006-7 a group of investors bet against the US mortgage market. In their research they discover how flawed and corrupt the market is.
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