Meet a "Statistical Illusion"

Iris Mack emails a link to an NYT Op-Ed from Michael J Burry, who made a fortune selling short sub-prime mortgages.

In the Op-Ed, which is an important read, he points out that his insights, that caused him to short the subprime sector, are being labeled  a “statistical illusion” by Alan Greenspan

Let me get this straight, somehow those like Greenspan and Greg Mankiw, who didn't see the subprime crash coming in the first place are now experts on why those who did see it were just statistical illusions?
Mack says because of Greenspan's comment she is not reading anymore news today since it is ruining her Easter.

Michael Burry a Student of Austrian Economics?

Hedge fund manager Michael Burry managed to profit to the tune of  $100 million plus betting against subprime mortgages.  Guess what book he has sitting on his bookshelf?


According to Wall Street Informer:

The article [about him] is a must-read for any investor, but what caught my eye was a book I spotted on the photo spread of Michael Burry’s office. Clearly visible in one of the stacks is “America’s Great Depression” by Murray N. Rothbard, the brilliant Austrian economist.

WSI probably strained his eyes, but he came up with 10 other books in Burry's office, here.