‘Big Short’ investor bets on prisons instead of traditional stocks – media ...News

Michael Burry apparently believes that while markets may crash, there will always be crime and punishment US hedge fund manager Michael Burry, who rose to fame with timely bets against the housing market ahead of the 2008 financial crisis, has sold his entire stock portfolio and replaced it with a stake in a prison company, Reuters reported on Tuesday, citing SEC stock filings. The company, GEO Group, is a publicly traded corporation that operates more than 100 private prisons and mental health facilities in North America, Australia, South Africa, and the UK. According to the report, Burry’s position in GEO Group

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