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
I am a value investor. The foundation of my investment style is Benjamin Graham's approach to security analysis.
People want an authority to tell them how to value things, but they choose this authority not based on facts or results.
The late 90s almost forced me to identify myself as a value investor, because I thought what everybody else was doing was insane.
Related Quotes
Being too far ahead of your time is indistinguishable from being wrong.
-- Howard Marks
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
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
-- 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
Be fearful when others are greedy, and greedy when others are fearful.
-- Warren Buffett
Value investing is at its core the marriage of a contrarian streak and a calculator.
-- Seth Klarman