Chapters 8-9 Summary and Analysis

Chapter 8. The Long Quiet.

During the first six months of 2007, Mike Burry found himself struggling with his investors. Burry, who had recently learned he had a type of autism known as Asperger's, found that his reports to his investors were appearing more and more bleak because of his heavy investment in subprime mortgage CDSs. Many of Burry's investors were unhappy with the losses reported by Scion Capital and were beginning to ask for their money back. Before, Burry had not worried about this because his investors signed a contract promising not to remove their money for a set amount of time. However, that time period was reaching an end for many of his investors, including Gotham, one of his original investors. Reluctant to lose out on what Burry was convinced would be a profitable investment, Burry decided to side...