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Back in 2004, when Wall Street was in full subprime-craze mode, a reclusive stock picker named Michael Burry read the fine print—and made a fortune. In an excerpt from his new book, Michael Lewis explains why Burry saw what no one else did.
Thanks, Mr. Cube, you are of course correct and I appreciate the comment! But to fully explain the difference between good and bad debt gets into a level of economic theory that Mr. Money Mustache will have to wait a while to start discussing.