Just saw the movie. A bit late but it’s a great movie. Hard to believe but it’s been 10 years since the housing bubble burst. Highly recommended.
The biggest impression it left on me is never go short. Even if you are tremendously right like Braum and Burry you will still suffer greatly in the process when the whole world is running against your position.
It just dawns on me that professional funds are very pro cyclical, just like margins. Because it’s not fun to be short, most funds choose the safe route and buy what other funds are buying. People call them smart money but they are really not that smart.