On May 19, 2005, Michael Burry, foreseeing the impending housing crisis, bought $60 million in credit default swaps from Deutsche Bank, targeting six different bonds at $10 million each. His conviction stemmed from observing the gradual deterioration of the U.S. mortgage-backed security market, which he saw as increasingly treacherous due to rampant greed and corruption. Burry’s approach was meticulously researched, not mere speculation.
Charting 15 years of Michael Jordan and LeBron James
Statistics don’t tell the full story behind the greatness of Michael Jordan and LeBron James. But now that both NBA legends have played 15…