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Michael Burry Sticks With Japan Picks Even as Market Drops
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Investor of ‘Big Short’ fame adds to Japanese equity holdings
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‘The long-term value’ of these stocks hasn’t changed, he says
Michael Burry vowed to stick with his long-term stock investments even as markets tumble on the coronavirus.
The money manager, who made his name betting against the securities that triggered the global financial crisis, has been using the rout to add to holdings in a handful of smaller Japanese companies. He’s still excited about the investments because he believes the country is on the cusp of change.
