America Quote by Michael Burry
“Sometimes markets err big time. Markets erred when they gave America Online the currency to buy Time Warner. They erred when they bet against George Soros and for the British pound. And they are erring right now by continuing to float along as if the most significant credit bubble history has ever seen does not exist. Opportunities are rare, and large opportunities on which one can put nearly unlimited capital to work at tremendous potential returns are even more rare. Selectively shorting the most problematic mortgage-backed securities in history today amounts to just such an opportunity.”
About This Quote
Source Interview: Market Outlook, 2023
He critiques current market complacency, highlighting rare opportunities in distressed assets like mortgage securities.
In simple terms: Markets ignore big risks; seize rare distressed opportunities.
Key Takeaway
Identify and act on undervalued, high‑potential assets.
Themes
finance
risk
opportunity
market cycles
Mood
analytical
cautious
Type
financial
strategic
When to use this quote
- hedging
- portfolio diversification
- risk management
Key Concepts
Investment strategy
credit analysis
Questions to Reflect On
- What indicators suggest a genuine credit bubble?
- How to balance risk and reward in distressed investing?
A Different Perspective
High risk of misreading market signals.
![“I'll smoke, I'll cough, I'll get the tumors, I'll die, deal? Thank you America. [salutes]” quote by Bill Hicks](https://sms4smile.com/quotes/img-quotes/3d2/bill-hicks-970_america_i-ll-smoke-i-ll-cough-i-ll-get-the-tumor_655.jpg)
