Huntr from http://www.distressed-debt-investing.com/ posted some great notes about Michael Burry's speech at Vanderbilt University this past week. My friend of http://davianletter.com just found the full video.
Michael Burry became famous overnight when Michael Lewis released his best-seller, The Big Short. Burry, who suffers from Aspergers, was originally a resident and planned on becoming a medical doctor. He decided to quit the field and formed Scion Capital in 2000. Scion produced high returns on value stocks, before turning his attention to the housing bubble in 2005. Burry was portrayed by Lewis as one of the “heroes” of the book, who made his clients $700 millions by shorting sub-prime. As early as 2005, Burry recognized the coming housing bubble. Burry convinced Goldman Sachs to sell him Credit Default Swaps (CDSs) on subprime loans, which he thought would default.
Burry's topic was: “Missteps to Mayhem: Inside the Doomsday Machine with the Outsider who Predicted and Profited from America’s Financial Armageddon.”
Below is the full video:
Michael Burry became famous overnight when Michael Lewis released his best-seller, The Big Short. Burry, who suffers from Aspergers, was originally a resident and planned on becoming a medical doctor. He decided to quit the field and formed Scion Capital in 2000. Scion produced high returns on value stocks, before turning his attention to the housing bubble in 2005. Burry was portrayed by Lewis as one of the “heroes” of the book, who made his clients $700 millions by shorting sub-prime. As early as 2005, Burry recognized the coming housing bubble. Burry convinced Goldman Sachs to sell him Credit Default Swaps (CDSs) on subprime loans, which he thought would default.
Burry's topic was: “Missteps to Mayhem: Inside the Doomsday Machine with the Outsider who Predicted and Profited from America’s Financial Armageddon.”
Below is the full video:
