Getting It Right Once Can Be Enough To Retire

What do all those investors who have profited from market inefficiencies in extreme situations have in common?

Photo by Urip Dunker on Unsplash

It is 2005 and Michael Burry starts buying CDS (Credit Default Swaps) on some subprime mortgage bonds. He is convinced that they were going to explode in two years, the moment the interest rates that the…