It’s safe to say that you’ve all seen The Big Short (if you didn’t also live through it), so we won’t bore you with too much plot recapitulation. Suffice it to say that there are two big takeaways: “Steve Eisman” is kind of an a**hole but his heart’s in the right place, and it’s not a good idea to give up on Michael Burry. So when “Michael Burry” told you at the end of the movie that you should be filling cisterns in a secure location with as much water as you can, you presumably went about doing so immediately.
If, however, you said: “Wait, that’s not Michael Burry. That’s Christian Bale with a bad haircut and a contact lens designed to look like a fake eye. I don’t have to listen to that particular lunatic,” some real-life hedge fund managers got together to set you straight.
Because the world’s water needs are only increasing, and humanity faces so many clear challenges to maintain access to the commodity, Thomas Schumann of Thomas Schumann Capital LLC believes investors should view water as the world’s next oil. However, when he put this view to panelists at the Alpha Hedge West Conference, he was met with plenty of criticism of his idea. The other panelists believe that water should not be compared to oil, which is, in comparison, a more stable commodity.
Start casting for Thomas Schumann in the inevitable post-apocalyptic financial thriller.
Michael Burry likes water, is he onto something? [ValueWalk]