Michael Burry buys millions of dollars of 'mortgage bonds' in the movie The Big Short. Isn't he betting against those bonds? So what is he buying from Goldman & Sachs and other
Can somebody explain the mechanics of what happened in the Big Short to me in VERY SIMPLE terms? I'm reading the book and struggling to understand. - Quora
![In 'The Big Short', Dr. Michael Burry (Mark Baum and Brownhall Fund) shorted the mortgage market through credit default swaps. Why didn't they short the Big Bank stocks instead? Was the payoff In 'The Big Short', Dr. Michael Burry (Mark Baum and Brownhall Fund) shorted the mortgage market through credit default swaps. Why didn't they short the Big Bank stocks instead? Was the payoff](https://qph.cf2.quoracdn.net/main-qimg-d62500f7ceae492c6d929da00446d173.webp)
In 'The Big Short', Dr. Michael Burry (Mark Baum and Brownhall Fund) shorted the mortgage market through credit default swaps. Why didn't they short the Big Bank stocks instead? Was the payoff
![Adam McKay's Adaptation of Michael Lewis' 'The Big Short' Teaches the Finance Behind the Recession - The Atlantic Adam McKay's Adaptation of Michael Lewis' 'The Big Short' Teaches the Finance Behind the Recession - The Atlantic](https://cdn.theatlantic.com/thumbor/12uoc0VfbuZ3Uh6N-YBOLnRCMs8=/0x51:975x599/960x540/media/img/mt/2015/12/big_short-2/original.jpg)
Adam McKay's Adaptation of Michael Lewis' 'The Big Short' Teaches the Finance Behind the Recession - The Atlantic
![The Big Short: Remixed. A Summary of My DDs on Auto Loan Asset Backed Securities. This is pretty huge. : r/Superstonk The Big Short: Remixed. A Summary of My DDs on Auto Loan Asset Backed Securities. This is pretty huge. : r/Superstonk](https://external-preview.redd.it/EEWFAbQwZC3Ns8Si-L-k4woJrIFvlnClCyG4ehbpliY.png?auto=webp&s=3a7cb749331e829ab4b4df712d7a336f186fcc02)