H/T to Joe Koster of http://www.valueinvestingworld.com/… for the great find:
A Primer on Scion Capital’s Subprime Mortgage Short, By Michael Burry. November 7, 2006
If you do not know who Burry is, do yourself a favor and read the masterpiece
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Michael Burry, the former hedge-fund manager who predicted the housing market’s plunge, said he is investing in farmable land, small technology companies and gold as he hunts original ideas and braces for a weaker dollar.
“I believe that agriculture land…
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