https://www.barrons.com/articles/water-is-getting-more-expensive-thats-an-opportunity-51629966600 That's what Michael Burry was investing in, at the end of "The Big Short". And that was back in 2009. Now 12 years later, looks like he's about to cash in, again.
Really? That is a shame. He prob. cashed in already considering how fast the water prices have been going up.
Wall St is nothing but a game of egos, and wannabe Nostradamuses...even Nostradamus himself...was no Nostradamus. That guy made and wrote and talked about a lot of random stuff...and brags about the rare, few, that actually hit and happened.
I may even agree with Burry, but ultimately the market is right. If I remember correctly, he would not have lasted much longer before the market crashed in 07/08. He was literally bleeding money before finally cashing in. There's no use in being right if your timing is wrong. Over 500 S&P points lower: https://twitter.com/mikeburrysaved
Nobody's timing is always correct unless you are insider trading. Since he was betting against the market, a heavily rigged market with all parties colluding, it was almost a miracle that he survived and made a tremendous profit.