Comments by "" (@ThePlainBagel) on "Investment Analyst Explains: The Big Short" video.

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  2. That’s correct, but Vennett doesn’t care because he gets a bonus from selling it
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  3. That point is a little misleading in the film - Burry has focused on a range of investments, not just ones focused on water. My understanding is that he was investing in companies that played a role in water management.
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  4. - Burry and Jamie/Charlie we’re not risking their capital, their only downside was the payments - the “lost it all” comment was about cashing out their investment - if they couldn’t sell, all the payments would have been for nothing because the other side of the deal was going bankrupt and may not pay up. - I don’t recall this part, but I think the $80M was the best they could get and they were content with it. - Mark Baum did the same thing as Burry; bought a credit default swap from Ryan Gosling’s character.
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  5. So my understanding is that the banks were trying to buy his position to cut their losses, with the fear that things would get worse. Baum was looking to hold out believing things would likewise crash lower still so that when the banks eventually paid the liability, it would be even greater.
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