Michael Bury a founder of the now closed Scion Capital, invested in farmland to start producing almonds. He purchased almond farms in California, one of the biggest region in the world where almonds are produced. This is probably because he expects a water crisis worldwide that will probably drive up the prices of almonds. Michael Lewis who interviewed Micahel Bury, said, "almonds require a lot of water to grow and he’s got a very complicated argument about why these almond farms are a good idea, so I trust him. It seems that if he is right, we will pay more for water and almonds in future. Michael Bury has many times said that farmland with water rights will be one of the most valuable investment in the future.
Michael Burry is founder of the Scion Capital LLC hedge fund, which he ran from 2000 until 2008, when he closed the fund to focus on his own personal investments. Author Michael Lewis profiled him in his 2010 book The Big Short: Inside the Doomsday Machine.
