It is actually $1.2 billion versus his current net worth of $300 million.
Of course:
1. Massive hindsight bias.
2. With this philosophy, he would not have shorted the housing market in the first place.
Still, it is a good example of the cost of betting against the structurally long-biased equity market.
Hey @michaeljburry, how much wealth would you have today if after you shorted the housing market, you put all of your money in the S&P 500 and went fishing?