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Michael James Burry (/ ˈ b ɜːr i /; born June 19, 1971) [2] is an American investor and hedge fund manager. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments.
In 2005, eccentric hedge fund manager Michael Burry discovers that the United States housing market, based on high-risk subprime loans, is extremely unstable.Anticipating the market's collapse in the second quarter of 2007, as interest rates would rise from adjustable-rate mortgages, he proposes to create a credit default swap market, allowing him to bet against, or short, market-based ...
However, investor Michael Burry, who had acquired a 3.3-percent stake in GameStop in 2019, criticized the short squeeze, stating that "there should be legal and regulatory repercussions", and adding "this is unnatural, insane, and dangerous". [8]
Michael Burry is a physician and American investment fund manager who founded more than 25 message boards on Silicon Investor, including subjects on Value Investing [10] and Buffetology. [11] Burry joined Silicon Investor in November 1996. Between 1996 and 2000, Burry wrote 3,304 posts, on average more than two per day. [12]
The Big Short: Inside the Doomsday Machine is a nonfiction book by Michael Lewis about the build-up of the United States housing bubble during the 2000s. It was released on March 15, 2010, by W. W. Norton & Company. It spent 28 weeks on The New York Times best-seller list, and was the basis for the 2015 film of the same name.
Dr. Michael Burry, the founder of Scion Capital, is another strong proponent of value investing. Burry is famous for being the first investor to recognize and profit from the impending subprime mortgage crisis, as portrayed by Christian Bale in the movie The Big Short.
Michael Burry’s moves tend to make headlines. The hedge fund manager famously bet against the U.S. housing market in 2008 and won big — a move depicted in the hit movie “The Big Short ...
Michael Burry, who famously shorted subprime mortgages during the 2008 financial crisis, closed his bets against the S&P 500 and the Nasdaq 100 in the third quarter.