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FutureStarrMichael Burry: Investor
Michael Burry is a doctor of investment banking (MBA) and financial mathematics. He was acknowledged by CNBC as an "Investment Banker Who Speaks Wall Street". And previously named by Forbes as "The Best Financial Forecaster in the World". He wrote the book "The Big Picture: On the Origins of the Financial Crisis and How to Invest Successfully from Now until Kingdom Come". Which was published in 2009, and made appearances on the covers of Bloomberg Markets twice and BusinessWeek twice.
He then left to start his own hedge fund. He had already developed a reputation as an investor by demonstrating success in value investing, . Which he wrote about on message boards on the stock discussion site Silicon Investor beginning in 1996. He was so successful with his stock picks that he attracted the interest of companies. Such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt. Burry has a strictly traditional understanding of value. He has said more than once that his investment style is built upon Benjamin Graham and David Dodd’s 1934 book Security Analysis. "All my stock picking is 100% based on the concept of a margin of safety." (Source:en.wikipedia.org)
Michael Burry is an American investor, philanthropist, and blogger.
Michael Burry took a knife to his stock portfolio in the third quarter, slashing it from more than 20 holdings. To only six as of September 30, a Securities and Exchange Commission filing revealed on Monday. The sales align with his long-held expectation that the stock market is in a bubble and barreling towards a historic crash. (Source: markets.businessinsider.com)
Michael Burry was once just another Wall Street trader. By 2003, at the age of 24, Burry had been making millions in high-frequency trading. But his firm’s methods collapsed in the biggest money crash since 1929 when the U.S. markets were in turmoil. In 2007 he borrowed $50,000 from the bank and went back to surfing the internet for investment ideas. Only this time, he was looking for real estate opportunities.
Burry was one of the first investors to call and profit from the subprime mortgage crisis. He was depicted in Michael Lewis' book "The Big Short" and the subsequent Oscar-winning movie of the same name. Burry now manages about $340 million at Scion Asset Management. (Source: www.cnbc.com)