I wasn't wrong, I was just early.
Investors
Michael Burry
Born in 1971 in California, Michael Burry is a former physician turned hedge-fund manager who foresaw the subprime mortgage crisis as early as 2005 and reaped enormous profits through credit-default swaps. His story was chronicled in Michael Lewis's The Big Short and the 2015 film in which Christian Bale portrayed him. A solitary contrarian, he closed Scion Asset Management in 2025.
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Michael Burry's Other Quotes
The late 90s almost forced me to identify myself as a value investor, because I thought what everybody else was doing was insane.
People want an authority to tell them how to value things, but they choose this authority not based on facts or results.
I am a value investor. The foundation of my investment style is Benjamin Graham's approach to security analysis.
Related Quotes
In prosperous times, save diligently; in downturns, invest boldly.
-- Honda Seiroku
Being too far ahead of your time is indistinguishable from being wrong.
-- Howard Marks
I've always been bullish on U.S. real estate, but we found value in shorting subprime because the loans were so badly underwritten.
-- John Paulson
Value investing is at its core the marriage of a contrarian streak and a calculator.
-- Seth Klarman
We were ugly-duckling buyers from start to finish.
-- John Neff
It's not always easy to do what's not popular, but that's where you make your money. Buy stocks that look bad to less careful investors and hang on until their true value is recognized.
-- John Neff