Category - Michael Burry

Discover the thoughtful Quotes of Michael Burry, a philosopher and author. Our collection of his most impactful quotes reflects his deep understanding of language, philosophy, and history. Motivational Quotes of Michael Burry
Whether seeking thought-provoking reflections or academic wisdom, Michael Burrys words offer a rich source of intellectual inspiration. #MichaelBurry Michael Burry

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 were doing little analysis.

– Michael Burry

Michael Burry

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 the subprime area, there was little else that could be done to send housing prices higher.

– Michael Burry

Michael Burry

I started trading stocks, options and futures while I was at UCLA, using my earnings from working summers at the old IBM plant on Cottle Road. I never lost interest in how companies work. It’s fundamental to who I am.

– Michael Burry

Michael Burry

I think a lot of hedge funds get their trades from Wall Street and get their ideas from Wall Street. And I just like to find my own ideas. I’m reading a lot; I read a lot of news. I’m addicted to it. I basically – I follow my nose on news stories.

– Michael Burry

Michael Burry

One of the risks for anybody in the lending business is that being conservative can harm your competitiveness.

– Michael Burry

Michael Burry

I had begun to worry about the housing market back in 2003, when lenders first resurrected interest-only mortgages, loosening their credit standards to generate a greater volume of loans. Throughout 2004, I had watched as these mortgages were offered to more and more subprime borrowers – those with the weakest credit.

– Michael Burry

Michael Burry

Back in 2005 and 2006, I argued as forcefully as I could, in letters to clients of my investment firm, ‘Scion Capital’, that the mortgage market would melt down in the second half of 2007, causing substantial damage to the economy.

– Michael Burry

Michael Burry

In essence, the stock market represents three separate categories of business.They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value.

– Michael Burry

Michael Burry

I seek individual investments that will allow me to target total portfolio returns of at least 20% annually after fees and expenses on an annual basis over a period of years, not months.

– Michael Burry

Michael Burry

It is a tenet of my investment style that, on the subject of common stock investment, maximizing the upside means first and foremost minimizing the downside. The deleterious effect of permanent capital loss on portfolio returns cannot be overstated.

– Michael Burry

Michael Burry

Common hedging techniques include shorting stocks, buying put options, writing call options, and various types of leverage and paired transactions. While I do reserve the right to use these tools if and when appropriate, my firm opinion is that the best hedge is buying an appropriately safe and cheap stock.

– Michael Burry

Michael Burry

Throughout the universe of public and private funds, managers are measured quarterly against one index or another, defined by statistics, and corralled into this category or that category so that fund of funds, pensions, and other institutions can make comforting – if not necessarily prudent – asset allocation decisions.

– Michael Burry

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