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Michael Burry Quotes


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Quotes by Michael Burry

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

~Michael Burry

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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

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I try to buy shares of unpopular companies when they look like road kill and sell them when they've been polished up a bit.

~Michael Burry

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Subprime mortgages, typically defined as those issued to borrowers with low credit scores, make up roughly the riskiest one-third of all mortgages.

~Michael Burry

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Fresh, clean water cannot be taken for granted. And it is not - water is political, and litigious. Transporting water is impractical for both political and physical reasons, so buying up water rights did not make a lot of sense to me, unless I was pursuing a greater fool theory of investment - which was not my intention.

~Michael Burry

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I believe that agriculture land - productive agricultural land with water on site - will be valuable in the future.

~Michael Burry

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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

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At one point, I recognized that Warren Buffett, though he had every advantage in learning from Ben Graham, did not copy Ben Graham but, rather, set out on his own path and ran money his way, by his own rules... I also immediately internalized the idea that no school could teach someone how to be a great investor.

~Michael Burry

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The major reform legislation, Dodd-Frank, was named after two guys bought and sold by special interests, and one of them should be shouldering a good amount of blame for the crisis.

~Michael Burry

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The post-crisis perception, at least in the media, appears to be one of Americans being held down by Wall Street, by big companies in the private sector, and by the wealthy. Capitalism is on trial. I see it a little differently. If a lender offers me free money, I do not have to take it.

~Michael Burry

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Biography

Nationality: American

Type: Businessman

Born: June 19th, 1971

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