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
The stock market is the only business I know that when things go on sale, the customers run out of the store.
-- Leon G. Cooperman
Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it — even though others may hesitate or differ.
-- Benjamin Graham
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
-- John Templeton
To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards.
-- John Templeton
The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
-- John Templeton
Value investing is at its core the marriage of a contrarian streak and a calculator.
-- Seth Klarman