Michael Burry, one of the investors who profited most from the subprime mortgage crisis, is shutting down his hedge fund. He’s a very smart guy, but that’s not enough to constantly beat the market. Here is the letter he sent to his clients:
Scion Asset Management is closing
- Thread starter JohnnyDoe
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People often hit big and fixate on trying to replicate that instead of the boring day to day grind of 10% here and there.
