A good chunk of Burry's net worth comes from his profits made during the subprime crisis as described in the book by Michael Lewis \"The Big Short\". Dr. Michael Burry was one of the heroes of Michael Lewiss bookThe Big Short: Inside the Doomsday Machine. ","acceptedAnswer":{"@type":"Answer","text":"At the end of the movie, \"The Big Short\", viewers are informed that Burry focuses on one asset, in particular, water. That being said, Burry says hes found that out-of-favor industries provide great opportunities to buy shares of best-of-breed companies at steep discounts. On his blog he posted his stock-market trades and his arguments for making the trades. Another critical resource I would recommend is checking out interviews Burryhas done. Money has flowed out of actively managed US stock funds in 11 of the past 12 years, according to Morningstar, and consistently flowed into passive funds. How much money did Michael Burry make We had an excellent editorial and reviewer experience with European Financial Management Association and John A Doukas. Spend less than you earn so you can save more. })(); ValueWalk.com is a highly regarded, non-partisan site the website provides unique coverage on hedge funds, large asset managers, and value investing. He bought $60 million of credit-default swaps from Deutsche Bank$10 million each on six different bonds. He attached a screenshot of some buyback calculations he made in late 2019, when the video game retailer's stock was trading below $6 a share less than 1/33 of its roughly $200 price tag today. "}},{"@type":"Question","name":"Is Michael Burry still investing in water? Burry founded Scion Capital, a hedge fund, with the help of an inheritance and family debts, after shutting down his website in November 2000. He started and led the hedge fund Scion Capital from 2000 to 2008, before closing it to concentrate on his personal ventures. Burry recently sent a letter to GameStop's management, revealing that Scion has a 3% stake in the company and urging it to spend $240 million on share buybacks. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 3. Reminder that summary statistics do not tell you very much. Impressive results to say the least. Mission: Providing a framework to improve your investing PROCESS, while collecting newsworthy information about trends in business, politics and tech areas. He was born in 1971 in San Jose, California, United States. I hope some of you will find resonance with my work and maybe make a few bucks from it.. This book explains terms such as cash flow, valuation, equity, and many more definitions vital for the investor to understand. I love a good stock debate, looking at the best bull case, best bear case and picking my side. governance, drivers of mergers, mechanisms of mergers, bank mergers, cross-border mergers, shareholder wealth effects of mergers and related events, and the role of financial experts and He chastised federal authorities for ignoring warnings from outside a small group of experts. Security Analysis by Ben Graham and David Dodd is one of the most popular investing books. Eventually, Burrys analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million. Burry has a very traditional view of what is valuable. Required fields are marked *.
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