One of the eight films that was nominated to win the Oscar for Best Picture at the 88th Academy Awards
in 2016 was The Big Short
The movie, based on Michael Lewis’s book The Big Short: Inside the Doomsday Machine, tells the story of four investors who predicted the credit and housing bubble collapse in 2008 and decided to bet against Wall Street, earning billions of dollars in the process.
The first of these investors that predicted the housing bubble was Dr. Michael Burry, who is portrayed in The Big Short by Christian Bale.
While the movie does a great job explaining how Michael Burry was able to make nearly $1 billion betting against the housing market in 2008, it left many viewers very puzzled about a completely different issue – the last line of the movie, printed on a placard, is:
“Michael Burry is focusing all of his trading on one commodity: Water.”
This is a perplexing statement, because unlike other commodities like oil, cotton, or silver, there is no market to trade water.
So how can someone invest in water? Should you just buy a rain bucket?
Well, you have 3 different options if you want to invest in water. [Read More]