Great article. It's ironic though: Burry was ahead of the market. "Looking backwards (in this case buying when the CEO went on the cover of Time for fraud, and the stock dropped from $12) would have worked better. It's usually best to buy when pessimism is at its max. Though, then again, picking the bottom in the short term is usually a fool's errand, but in this case, it would have been a good idea
I wish I had written this post.
Great article. It's ironic though: Burry was ahead of the market. "Looking backwards (in this case buying when the CEO went on the cover of Time for fraud, and the stock dropped from $12) would have worked better. It's usually best to buy when pessimism is at its max. Though, then again, picking the bottom in the short term is usually a fool's errand, but in this case, it would have been a good idea