9/27/2023 0 Comments Dr.burry the big shortAccording to Michael Lewis (author of The Big Short):Īnd so in January 2007… Michael Burry sat down to explain to his investors how, in a year when the S&P had risen by more than 10 percent, he had lost 18.4 percent. It’s fair to say that there was some tension. ![]() And yet, the status as a historically great trade notwithstanding, his story deeply resonates with us for a different reason: the emotional dynamic that existed between Burry and his clients. In doing so, he obviously made a killing. Burry was one of the more interesting characters, and one of the small band of investors who bet against the mortgage market prior to the 2008 meltdown. If you don’t know who Burry is, then you’ve failed to consume Michael Lewis’s The Big Short in either book or movie form. ![]() The story of Michael Burry and his clients is a case study in what it takes to be on the right side of financial history.
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