Michael Burry, the character played by Christian Bale in the Oscar-winning movie “The Big Short,” was among the first to identify the sub-prime housing bubble and to predict the subsequent crash.  Burry’s fund, Scion Capital, recorded returns of 489% between November 2000 and June 2008 by shorting the housing market.

Today, in the face of a financial system he still distrusts, the former medical doctor turned fund manager has put his money into a precious commodity he deems safe for investment – water.

In a recent interview with New York Magazine, Burry explains:  “Fresh, clean water cannot be taken for granted. And it is not — water is political, and litigious. Transporting water is impractical for both political and physical reasons, so buying up water rights did not make a lot of sense to me, unless I was pursuing a greater fool theory of investment — which was not my intention. What became clear to me is that food is the way to invest in water,” he said.

Read “Michael Burry is Investing in Water (And You Should Too)” by Rebecca Bowden http://www.wyattresearch.com/article/investing-in-water/