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Investors redeemed funds, Burry reduced position, but trade paid off late 2007, exited $100M gain.

From Michael Burry Is Getting Squeezed — And He Just Doubled Down · jumps to 1:46:51 · speech

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Which was significant. It was up to 6 to 8% of the total AUM of the fund. So, this continued, right? He was underwater from 2005-2007, and then he had investors basically saying, "Hey, we want our money back. We want our money back. Get us out of here." So, he actually had to shave down some of his position, but in late 2007, the trade started to pay off uh in his favor, and he ended up exiting personally for $100 million. dollars. So he ended up being right, but he was early. And he suffered for years of drawdown beforehand. So it's very fun to, you know, clown on Michael Burry who's been calling, you know, the joke is he's called 500 of the last, you know, two stock market corrections or whatever it is.
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