That’s why Big Short movie guy made $700m for investors and $100m for himself in 2008 shorting the housing market. He buys up almond farms cuz he thinks water will be the most valuable asset. Almond farms require the most water so he figures they will be quite valuable not for the almonds but for the water rights.
That’s why Big Short movie guy made $700m for investors and $100m for himself in 2008 shorting the housing market. He buys up almond farms cuz he thinks water will be the most valuable asset. Almond farms require the most water so he figures they will be quite valuable not for the almonds but for the water rights.