I started trading stocks, options and futures while I was at UCLA, using my earnings from working summers at the old IBM… — Michael Burry Copy Share Image
At one point, I recognized that Warren Buffett, though he had every advantage in learning from Ben Graham, did not copy Ben… — Michael Burry Copy Share Image
Fresh, clean water cannot be taken for granted. And it is not - water is political, and litigious. Transporting water is impractical… — Michael Burry Copy Share Image
If you are going to be a great investor, you have to fit the style to who you are. — Michael Burry Copy Share Image
The late 90s almost forced me to identify myself as a value investor, because I thought what everybody else was doing was… — Michael Burry Copy Share Image
However, if one has been playing the buy-and-hold game with quality securities, one has been exposed to a substantial amount of market… — Michael Burry Copy Share Image
My positioning with my investors was always, I need three to five years. — Michael Burry Copy Share Image
I had begun to worry about the housing market back in 2003, when lenders first resurrected interest-only mortgages, loosening their credit standards… — Michael Burry Copy Share Image
I have always believed that a single talented analyst, working very hard, can cover an amazing amount of investment landscape, and this… — Michael Burry Copy Share Image
When I stand on my special-issue "Intelligent Investor" ladder and peer out over the frenzied crowd, I see very few others doing… — Michael Burry Copy Share Image
Back in 2005 and 2006, I argued as forcefully as I could, in letters to clients of my investment firm, 'Scion Capital',… — Michael Burry Copy Share Image
In essence, the stock market represents three separate categories of business. They are, adjusted for inflation, those with shrinking intrinsic value, those… — Michael Burry Copy Share Image
It is a tenet of my investment style that, on the subject of common stock investment, maximizing the upside means first and… — Michael Burry Copy Share Image
I seek individual investments that will allow me to target total portfolio returns of at least 20% annually after fees and expenses… — Michael Burry Copy Share Image
Sometimes markets err big time. Markets erred when they gave America Online the currency to buy Time Warner. They erred when they… — Michael Burry Copy Share Image
Common hedging techniques include shorting stocks, buying put options, writing call options, and various types of leverage and paired transactions. While I… — Michael Burry Copy Share Image
I hated discussing ideas with investors, because then I become a Defender of the Idea, and that influences your thought process. — Michael Burry Copy Share Image
In essence, the stock market represents three separate categories of business.They are, adjusted for inflation, those with shrinking intrinsic value, those with… — Michael Burry Copy Share Image
'Ick investing' means taking a special analytical interest in stocks that inspire a first reaction of 'ick.' I tend to become interested… — Michael Burry Copy Share Image
Regardless of what the future holds, intelligent investment in common stocks offer a solid route for a reasonable return on investment going… — Michael Burry Copy Share Image
I started trading stocks, options and futures while I was at UCLA, using my earnings from working summers at the old IBM plant on… — Michael Burry Copy Share Image
At one point, I recognized that Warren Buffett, though he had every advantage in learning from Ben Graham, did not copy Ben Graham but,… — Michael Burry Copy Share Image
In June 2005, mortgage rates were at 40-year lows, and risk premiums on mortgage securities were at all-time lows. Once the banks migrated to… — Michael Burry Copy Share Image
It is ludicrous to believe that asset bubbles can only be recognized in hindsight. — Michael Burry Copy Share Image
Fresh, clean water cannot be taken for granted. And it is not - water is political, and litigious. Transporting water is impractical for both… — Michael Burry Copy Share Image
Throughout the universe of public and private funds, managers are measured quarterly against one index or another, defined by statistics, and corralled into this… — Michael Burry Copy Share Image
One of the risks for anybody in the lending business is that being conservative can harm your competitiveness. — Michael Burry Copy Share Image
If you are going to be a great investor, you have to fit the style to who you are. — Michael Burry Copy Share Image
The late 90s almost forced me to identify myself as a value investor, because I thought what everybody else was doing was insane. — Michael Burry Copy Share Image
What you want to watch are the lenders, not the borrowers. The borrowers will always be willing to take a great deal for themselves.… — Michael Burry Copy Share Image
However, if one has been playing the buy-and-hold game with quality securities, one has been exposed to a substantial amount of market risk because… — Michael Burry Copy Share Image
