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Michael Burry, renowned investor, bet $1.6 billion on the stock market's impending crash. He specializes in bespoke Collateralized Debt Obligations (CDOs), tailoring them to specific risks and opportunities. CDOs involve pooling debts and slicing them into tranches with varying risks and returns. Burry's predictions for 2024's market crash delve into the risks and intricacies of these complex financial instruments.

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