16 Michael Burry Quotes for You to Enjoy

Michael Burry

American Businessman

Born: Jun 19, 1971

Bought First Going Great Me Will

Related authors: Bill Gates Henry Ford Jim Rohn Les Brown Peter Drucker Stephen Covey Steve Jobs Warren Buffett

Innovation, especially in America, is continuing at a breakneck pace, even in areas facing substantial political or regulatory headwinds. The advances in health care in particular are breathtaking - so many selfless souls are working to advance science, and this is heartening. Michael Burry

Health Science Innovation Political Care Area Facing Advance Advances Particular Health Care Souls Continuing Selfless America Substantial Pace Breathtaking Working Regulatory Many Even

I think a lot of hedge funds get their trades from Wall Street and get their ideas from Wall Street. And I just like to find my own ideas. I'm reading a lot; I read a lot of news. I'm addicted to it. I basically - I follow my nose on news stories. Michael Burry

If you are going to be a great investor, you have to fit the style to who you are. Michael Burry

Great You Style Investor Fit Going Who

I had begun to worry about the housing market back in 2003, when lenders first resurrected interest-only mortgages, loosening their credit standards to generate a greater volume of loans. Throughout 2004, I had watched as these mortgages were offered to more and more subprime borrowers - those with the weakest credit. Michael Burry

First Back Market Worry Those Weakest About Borrowers More More And More Throughout Had Generate Volume Mortgages Greater Housing Housing Market Were Offered Begun Standards Credit Watched Loans

In early 2005, I really studied the prospectuses of these mortgage pools that were tranched out into different-rated slices rated by agencies like S&P and Moody's. They had names like Park Place and People's Choice. It was clear to me that many of the buyers of these repackaged subprime mortgages were doing little analysis. Michael Burry

Me Moody People Analysis Out Rated Park Had Studied Clear Mortgage Mortgages Like Names Doing Were Place Little Pools Agencies Really Choice Many Early Buyers

Government policies and regulations in the postcrisis era have aided the hollowing-out of middle America far more than anything the private sector has done. These changes even expanded the wealth gap by making asset owners richer at the expense of renters. Michael Burry

Government Wealth Changes Aided Sector More More Than Anything Policies Making Era Private Government Policies Private Sector Than America Done Owners Expense Middle Anything Far Richer Regulations Even Gap Asset

The post-crisis perception, at least in the media, appears to be one of Americans being held down by Wall Street, by big companies in the private sector, and by the wealthy. Capitalism is on trial. I see it a little differently. If a lender offers me free money, I do not have to take it. Michael Burry

Me Capitalism Money Free Perception Big Down Trial Sector Wealthy See Take Least Big Companies Private Private Sector Offers Wall Wall Street American Being Lender Little Held Companies Appears Media Street Differently

Throughout the universe of public and private funds, managers are measured quarterly against one index or another, defined by statistics, and corralled into this category or that category so that fund of funds, pensions, and other institutions can make comforting - if not necessarily prudent - asset allocation decisions. Michael Burry

Comforting Universe Other Defined Statistics Pensions Throughout Allocation Category Institutions Make Another Private Prudent Managers Against Decisions Public Measured Fund Asset Necessarily Funds

Common hedging techniques include shorting stocks, buying put options, writing call options, and various types of leverage and paired transactions. While I do reserve the right to use these tools if and when appropriate, my firm opinion is that the best hedge is buying an appropriately safe and cheap stock. Michael Burry

Best Writing Tools Types Appropriate Various Cheap Put Firm Safe Call Opinion Stock Stocks Options Common Transactions While Hedge Use Include Reserve Right Techniques Leverage Buying

It is a tenet of my investment style that, on the subject of common stock investment, maximizing the upside means first and foremost minimizing the downside. The deleterious effect of permanent capital loss on portfolio returns cannot be overstated. Michael Burry

First Style Investment Returns Permanent Loss Subject Foremost Effect Overstated Stock Maximizing Common Upside Cannot Capital Means Downside Portfolio

'Ick investing' means taking a special analytical interest in stocks that inspire a first reaction of 'ick.' I tend to become interested in stocks that by their very names or circumstances inspire unwillingness - and an 'ick' accompanied by a wrinkle of the nose on the part of most investors to delve any further. Michael Burry

Inspire First Become Analytical Further Circumstances Tend Wrinkle Investing Part Investors Taking Names Most Reaction Accompanied Very Stocks Any Nose Interest Interested Means Special

In essence, the stock market represents three separate categories of business.They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value. Michael Burry

Inflation Value Three Market Approximately Those Adjusted Intrinsic Steadily Categories Stock Stock Market Essence Stable Represents Separate Growing Shrinking

Back in 2005 and 2006, I argued as forcefully as I could, in letters to clients of my investment firm, 'Scion Capital', that the mortgage market would melt down in the second half of 2007, causing substantial damage to the economy. Michael Burry

Half Down Back Market Melt Would Could Argued Investment Firm Mortgage Economy Clients Causing Substantial Capital Letters Second Damage

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