Michael Burry Big Short! The Big Short! Tesla Shorts! Market Crash! Market Collapse! Stock Market Correction! Michael Burry Portfolio! Scion Capital! Michael Burry Bubble! Finance! Investing! Economics! Business! Stock Market! Real Estate! Burry: The Market Already Crashed. You Just Don't Know It Yet... Burry is as infamous as an investor can get. He was a trader, a low-level investor who was beating the market by so much and with such consistency, that his close friends begged him to open up a fund and let them invest. In 2000, he finally broke, and founded Scion Capital right at the start of the dot com bubble. It would have been easy for him to follow the crown, to get swallowed up by the hype and buy into all the dot com companies which were just about to boom, but he didn’t. He stuck to his value investing principles, and at the end of his first full year of investing, he had returned his investors 55%, while the S&P500 had lost 12.
He went on to continue to run the fund, beating the S&P with consistency that most people can’t even dream of achieving. In 2002, the S&P fell 22%, yet burry was up 16. In 2003, when the S&P rebounded and returned 28%, Burry beat that as well giving his investors a return 50%. By the end of 2004, he was managing $600 million and was turning investors away. You all know what happened next. He identified and successfully bet against the housing and mortgage bubble that started in 2006 and solidified his place in history. Despite what was practically a revolt amongst his investors, he held off the margin calls and returned almost a billion dollars to his investors by the end of 2008. Over the 8 years that his fund was active, he returned 489% compared to the S&P’s 3%.
When someone says that Burry was only right once, or he’s living off of his past successes, all that says to me, is that they don’t know what they are talking about. And it’s his history, his track record of beating indexes and investors alike, that makes it impossible for people like me to ignore what he’s saying.
We have to listen to what he’s saying, we have to give his arguments due consideration, or we risk being just like those investing in Pets.com in 2000 or buying a home 0% down in 2006. Whether or not you agree with him, whether or not you like him, listening to Burry, considering his arguments on their merits and not his, is essential to being a successful investor, and that’s what we’re here to do today.
Michael Burry's Archived Tweets: https://twitter.com/BurryDeleted
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