Michael James Burry is an American investor, hedge fund manager, and physician.
19 Facts About Michael Burry
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Michael Burry founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments.
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Michael Burry is best known for being amongst the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010.
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Michael Burry studied economics and pre-med at the University of California, Los Angeles, earned an MD degree from the Vanderbilt University School of Medicine, and started but did not finish his residency in pathology at Stanford University Medical Center.
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Michael Burry then left to start his own hedge fund.
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Michael Burry had already developed a reputation as an investor by demonstrating success in value investing, which he wrote about on message boards on the stock discussion site Silicon Investor beginning in 1996.
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Michael Burry was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt.
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Michael Burry named it after Terry Brooks' The Scions of Shannara, one of his favorite novels.
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In 2005, Michael Burry started to focus on the subprime market.
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Michael Burry subsequently liquidated his company to focus on his personal investments.
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Michael Burry faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors.
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In 2013, Michael Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an exempt reporting adviser active in the state of California and approved by the SEC.
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Michael Burry has focused much of his attention on investing in water, gold, and farm land.
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Michael Burry initiated short position on Tesla before or around early December 2020, according to a now-deleted tweet and likely added to his short positions after the market cap of Tesla surpassed that of Facebook.
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Michael Burry predicted Tesla stock would collapse like the housing bubble, saying that "my last Big Short got bigger and Bigger and BIGGER" and taunted Tesla bulls to 'enjoy it while it lasts.
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Michael Burry is married, with children, and was living in Saratoga, California in 2010.
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Michael Burry's son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder.
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Michael Burry is a fan of heavy metal music, including bands such as Obituary, Lamb of God, Amon Amarth, Slipknot, King Diamond and Pantera.
19.
Michael Burry was highly critical of the lockdowns during the COVID-19 pandemic in the United States.