Ultimate Contrarian Michael Burry, Who Correctly Called the Housing Crisis in 2008, Is Now Piling Into 3 Stocks That Could Struggle Under a Trump Administration

Last week, fund managers of a certain size disclosed their stock holdings for the third quarter ending on Sept. 30. Fund managers are required to do this 45 days after the close of each quarter in a 13F form filed with the Securities and Exchange Commission (SEC). Professional investors have years if not decades of experience so they have been through different markets and cycles. They also likely have the returns to back it up. One investor who filed their 13F form is Michael Burry of Scion Asset Management. Burry is a famous contrarian investor who correctly called the housing downturn of 2008. Now, he's piling into a group of stocks that may not perform well under a Trump administration. Is the contrarian investor onto something?Burry was always poised to be an accomplished individual. He almost became a neurosurgeon. He was pre-med at the University of California, Los Angeles, and then got his MD from Vanderbilt. He started his residency at the Stanford University Medical Center but did not finish because his investing hobby quickly became a full-time job.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool