Today, short-sellers are among the few that have profited from the coronavirus collapse.
SINGAPORE (Mar 27): Michael Lewis’s book The Big Short features a hedge fund manager called Michael Burry who profits from the 2008 crisis. Burry was deprived of sight in one eye at the age of two.
The boy with one eye viewed the world differently. He rarely made eye contact or socialised with others. Instead, he developed a passion for numbers. In 2007, he heavily shorted subprime mortgages and went on to make US$700 million as the market collapsed in 2008.
