Burry on Bloomberg
I don't really follow Bloomberg’s risk takers series since I couldn't quite relate with most of the people they profile but last night they had an excellent piece on someone I know we all couldn't get enough of: Subprime genius Dr. Michael Burry.
As I said, it’s pretty good. It takes you from his first stock analysis way back when he was still in high school, to his misadventures in med school (he fell asleep during an operation because of his all-night stock blogging), to him launching Scion, and then all the way to subprime along with all the trials and tribulations he had to face along the way. It also has a few anecdotes about him from Michael Lewis and one of his analysts (bit confused here, always thought the dude was a one-man army) as well as a couple snippets from his investor letters. His investing style? It's in there too.
Check it out after the jump.
absolutely awesome video.
thanks. +1
Do you guys think that there will be another bubble like this?
I am sure people said this after the tech bubble also.
Yes, we will see multiple bubbles in all of our lifetimes.
I suggest you print out a copy of your post, frame it on your bedroom wall and then in fifty years if you are proved correct you can put it in a museum.
Dr. Burry is a really nice guy too. I emailed him once because I needed help with a Pysch paper. True story. I had to write a ~20p paper on the psychology of financial markets. I had just finished reading 'The Big Short' and started admiring Dr. Burry, so I emailed him how he looks at the market pyschologically (I told him it was for a paper) and he sent me a long email with all the content I would need for the paper.
Needless to say, I got an A in that class.
That's awesome, mind sharing some of it?
He basically asked me to read a speech Charlie Munger have at Harvard, said it explained it all. http://www.rbcpa.com/Mungerspeech_june_95.pdf
That's very legit of him . I've had similar experiences with "famous" people. funny how they manage to find the time for students while HR bitches take weeks to send you a one-line email. now that i'm done with my rant i'm gonna watch the video. thanks for the link!
Any chance I could get that e-mail?
I thought the "absolutely impossible" would have tipped off the sarcasm...
Great video. Thanks Jorgé.
Extraordinary Popular Delusions and the Madness of Crowds
A book worth reading for anyone interested in markets.
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