The late 90s almost forced me to identify myself as a value investor, because I thought what everybody else was doing was insane.
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
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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
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.
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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.
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The stock market is the only business I know that when things go on sale, the customers run out of the store.
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