My positioning with my investors was always, I need three to five years. — Michael Burry Five Copy Share Image
I will always choose the dollar bill carrying a wildly fluctuating discount rather than the dollar bill selling for a quite stable… — Michael Burry Always Copy Share Image
The idea that growth will remedy our debts is so addictive for politicians, but the citizens end up paying the price. — Michael Burry Debts Copy Share Image
If you are going to be a great investor, you have to fit the style to who you are. — Michael Burry Customer Copy Share Image
My natural state is an outsider. I've always felt outside the group, and I've always been analyzing the group. — Michael Burry Analyzing Copy Share Image
I believe that agriculture land - productive agricultural land with water on site - will be valuable in the future. — Michael Burry Agriculture 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 Insane Copy Share Image
It is ludicrous to believe that asset bubbles can only be recognized in hindsight. — Michael Burry Assets Copy Share Image
One of the risks for anybody in the lending business is that being conservative can harm your competitiveness. — Michael Burry Business Copy Share Image
Credit-default swaps remedied the problem of open-ended risk for me. If I bought a credit-default swap, my downside was defined and certain,… — Michael Burry Customer 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… — Michael Burry Could 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… — Michael Burry Business 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 Customer 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 Expenses Copy Share Image
I think a lot of hedge funds get their trades from Wall Street and get their ideas from Wall Street. And I… — Michael Burry Customer Copy Share Image
I don't believe anything unless I understand it inside out. And even if I understand something, it is not uncommon that I… — Michael Burry Accepted Copy Share Image
I think a lot of funds get their ideas from Wall Street. I just like to find my own ideas. I read… — Michael Burry Customer 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 America 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… — Michael Burry Asset allocation 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 Clean water Copy Share Image
In early 2005, I really studied the prospectuses of these mortgage pools that were tranched out into different-rated slices rated by agencies… — Michael Burry Choice 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 Amount 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 Crowds 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 Customer 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 Credit Copy Share Image
I try to buy shares of unpopular companies when they look like road kill and sell them when they've been polished up… — Michael Burry Business Copy Share Image
Subprime mortgages, typically defined as those issued to borrowers with low credit scores, make up roughly the riskiest one-third of all mortgages. — Michael Burry Credit Copy Share Image
My natural state is an outsider, and no matter what group I'm in or where I am, I've always felt like I'm… — Michael Burry Always 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… — Michael Burry Great 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 Back Copy Share Image
Americans have so much natural entrepreneurial drive. The caveat is that it is technology that should be a tool making lives better… — Michael Burry American 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 Always believe 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 Business Copy Share Image
Lost dollars are simply harder to replace than gained dollars are to lose. — Michael Burry Dollars Copy Share Image
Early on, people invested in me because of my letters and then, somehow, after they invested, they stopped reading them. — Michael Burry Letters 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 Defenders Copy Share Image
Innovation, especially in America, is continuing at a breakneck pace, even in areas facing substantial political or regulatory headwinds. The advances in… — Michael Burry Advances Copy Share Image
