Loading ...His hedge fund shorted the mortgage Bonds, maybe a little too soon and he was looking bad. But he insisted he was right and held on, and turned out right, and made tons of money.
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The investor, who also has an M.D., says the economic costs of the pandemic response are too high.
Michael Burry, the doctor-turned-investor who famously bet against mortgage securities before the 2008 financial crisis, has taken to Twitter with a controversial message: lockdowns intended to contain the coronavirus pandemic are worse than the disease itself.
Government-directed shutdowns in the U.S., which led to millions of job losses and may trigger one of the country’s deepest-ever economic contractions, aren’t necessary to contain the epidemic and have disproportionately hurt low-income families and minorities, Burry argued in a series of tweets over the past two weeks. He also said some controversial treatments for Covid-19, such as the malaria drug hydroxycloroquine, should be made more widely available.