Adam McKay's dramedy about the 2008 financial crisis, The Big Short, is drawing rave reviews and plenty of Oscar buzz, with some even saying the movie makes the confusing housing market meltdown more accessible than it's ever been before. The film's cast is tremendous, with Brad Pitt, Steve Carrell, and Ryan Gosling all playing fictional characters who are based on people who actually saw what was happening in the market. But the most intriguing character of all also happens to be a real person: Dr. Michael Burry, portrayed in the film by Christian Bale. The former neurologist with a glass eye who loves heavy metal is an interesting guy to say the least, though at first glance he hardly seems like one of the great financial minds of our time. So what is Michael Burry doing today?
Burry is still involved in the financial sector, and he's still making predictions about what could go wrong in the economy. At the time of the events depicted in the The Big Short, Burry was the head of the hedge fund he had founded, Scion Capital, LLC. But after making a killing betting against subprime mortgages, Burry liquidated his company in 2008 to instead focus on his personal investments.
But after a few years of laying low, Burry decided to once again become a hedge fund manager. He founded Scion Asset Management, LLC (he really likes the name "Scion", apparently) in 2013, and continues to lead it to this day. And even though you would need a lot of money if you want Burry to professionally manage your finances, the good doctor is still doling out financial advice for free to anyone who will listen. And everyone should listen, because it seems like Burry seems to think another financial crisis could be looming.
In addition to what he sees as failed legislation, Burry also thinks that economically, the country is more or less where it was when everything collapsed — and that's not a good thing.
So what's a person to do? Well, if you want to invest like Burry does, take a look at some water.The Big Shortmentions at the end of the film that Burry has turned his investing eye toward water, which may sound strange, but he explains it as a commodity whose demand is guaranteed to always be in demand.