Michael Burry, the investor renowned for predicting the 2008 housing crash and portrayed in 'The Big Short,' is now taking a different stance on America's mortgage giants. He believes that, if you follow his lead, you could potentially profit significantly from their upcoming return to the public markets.
In a detailed analysis published on his Substack newsletter, 'Cassandra Unchained', Burry revealed that he owns a 'good size' position in both Fannie Mae and Freddie Mac common shares. He expects their long-awaited relisting is 'nearly upon us', according to reports from Seeking Alpha.
