Andy Beal virtually shut down his Beal Bank between 2004 and 2007. When the financial crisis hit, he started buying, and the early results of his work are now in. So what is Beal’s current outlook?
An unknown medical doctor turned investor and hedge fund manager - Michael Burry - created the first bets against the subprime mortgage market in 2004, long before John Paulson, Goldman Sachs, and the rest of the investment world caught on. Working alone, he made $100 million and $725 million for his investors. A fascinating read that offers a glimpse inside the mind of a contrarian investment prodigy.