Why did Michael Burry invest water?

Burry has said in interview: “What became clear to me is that food is the way to invest in water. … In California, where 80% of the world’s almonds are grown, they use 10% of the available agricultural water. So growing almonds outside of drought-affected areas and shipping them back in makes logical and financial sense.

Does Michael Burry still invest in water?

Michael Burry made his name during the 2008-9 crisis betting against, or shorting, the housing bubble. As manager of Scion Capital hedge fund, Burry applied his expertise in value investing to generate extraordinary returns for investors.
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What is Michael Burry currently investing in?

Some of the notable stocks in Burry’s portfolio include Facebook, Inc. (NASDAQ:FB), Alphabet Inc. (NASDAQ:GOOG), Walmart Inc. (NYSE:WMT), and The Kraft Heinz Company (NASDAQ:KHC).

Why is water a good investment?

Investing in water could be a good long-term bet for those concerned about its sustainability. It is also a good option for environmentally focused investors. … The Invesco S&P Global Water Index ETF (CGW) holds water utilities, infrastructure, equipment, instruments and materials companies.

Does Michael Burry own Bitcoin?

Hedge fund manager Michael Burry confirmed that he isn’t short Bitcoin (CRYPTO: BTC) despite his belief that cryptocurrencies are in a bubble.

How is Burry investing in water?

Burry believes the best way to invest in water is through food – i.e., by growing food in water-rich environments and transporting it to water-poor regions.

Are water ETFs a good investment?

Water exchange-traded funds (ETFs) have outperformed the broader market in the past year. The water ETFs with the best one-year trailing total returns are FIW, CGW, and PHO. The top holdings of these ETFs are Tetra Tech Inc., American Water Works Co. Inc., and Ecolab Inc., respectively.

Can you invest in water futures?

The closest thing to investing directly in water would be to buy water futures. … The market offers investors, hedge funds, farmers, and municipalities the opportunity to hedge bets on the future price of water.

What happened to Michael Burry?

Hedge fund manager Michael Burry of “The Big Short” fame has been a busy man lately. In addition to his non-stop shadowing (and shading) of Tesla CEO Elon Musk on Twitter, Burry has also been selling off shares. A lot of them. In Q3 of 2021, he reduced his common stock holdings from $137 million to $42 million.

Why did Michael Burry close Scion?

He founded the hedge fund Scion Capital, which he ran from 2000 until 2008, before closing it to focus on his personal investments.

What is Michael Burry warning about?

Michael Burry warns that stock market speculation has reached levels not seen since before the 1929 crash, and assets are more over-valued than before the dot-com bubble burst. He also worries that geopolitical and economic strife exceeds that seen in the 1970s. … More geopolitical and economic strife than the 1970s.”

Does Scion Capital still exist?

Dr. Burry subsequently closed the Scion Capital fund and has since launched his latest fund, Scion Asset Management. … Scion Asset Management, LLC’s top holdings are CVS Health Corp (US:CVS) , Lockheed Martin Corporation (US:LMT) , The GEO Group Inc (US:GEO) , Corecivic Inc (US:CXW) , and NOW Inc (US:DNOW) .

Is investing in water ethical?

Just as the world may be peaking in oil production, experts are warning of “peak water” – looming water shortages that many see as an investment opportunity. But profiting from water can be ethically tricky. … No, it’s not exactly a correlate to oil being a finite resource. It’s a renewable source.

When did water become a commodity?

The new scheme was announced in October 2020, triggered by the region’s severe heat, wildfire and droughts. While this could clear up uncertainty around water prices, treating water as a tradable commodity puts basic human rights in the hands of financial institutions and investors.

What is the stock value of water?

Performance Outlook