"Big Short" Michael Burry makes new bets

Michael Bury is an experienced investor.

He is one of the legends of Wall Street, making him one of those financiers whose every word is watched intently by millions of investors.

Investors watch his strategies and the business choices he makes. When you acquire shares of a company, it is common for the prices of those shares to rise. Such was the case recently with Geo Group shares (GEO) – Get a free report.

He bought, through his firm Scion Asset Management, 501,360 shares worth $3.31 million in the company, which invests in private prisons and mental health sites, as of June 30, according to regulatory filings.

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