Saudis Follow Michael Burry in Water Investment

The latest hot investment is a water investment, one that is particularly liquid but deals in a scarce commodity. Water has always been a valuable commodity, but it is one that many experts have said is under appreciated, under priced and laced with government subsidies. Hedge fund legend Michael Burry of The Big Short fame first popularized the idea of investing in water, and now the government of Saudi Arabia investing in U.S. water rights is raising eyebrows.   Water is a cheap commodity The days of “cheap water” are behind us, Ben Grumbles, President of the U.S. Water Alliance, previously told…