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Choice Quote by Michael Burry

“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…” quote by Michael Burry — Download Open image

“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.”

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Choice Early Moody People Place

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The late 90s almost forced me to identify myself as a value investor, because I thought what everybody else was doing was insane.

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