From key trends to fundamental details, get a complete picture of Michael Burry Net Worth, Age, Height, Bio, Birthday, Wiki with our comprehensive overview.
Michael Burry is one of the most popular and richest Physician who was born on June 19, 1971 in San Jose, California, United States.
Michael James Burry (/ˈ b ɜːr i / ; born June 19, 1971) is an American physician, investor, and hedge fund manager. He was the founder of the hedge fund Scion Capital, which he ran from 2000 until 2008, before closing the firm to focus on his own personal investments. Burry was the first investor to recognize and profit from the impending subprime mortgage crisis.
Burry then left to start his own hedge fund. He 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. He 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. Burry has a strictly traditional understanding of value. He has said more than once that his investment style is built upon Benjamin Graham and David Dodd’s 1934 book Security Analysis: “All my stock picking is 100% based on the concept of a margin of safety.”
Ethnicity, religion & political views
Many peoples want to know what is Michael Burry ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Michael Burry's ethnicity is Not Known. We will update Michael Burry's religion & political views in this article. Please check the article again after few days.
After shutting down his website in November 2000, Burry started the (now defunct) hedge fund Scion Capital, funded by a small inheritance and loans from his family. The company was named after Terry Brooks’ The Scions of Shannara (1990), one of his favorite novels. Burry quickly earned extraordinary profits for his investors. According to the author Michael Lewis, “in his first full year, 2001, the S&P 500 fell 11.88 percent. Scion was up 55 percent. Burry was able to achieve these returns by shorting overvalued tech stocks at the peak of the internet bubble. The next year, the S&P 500 fell again, by 22.1 percent, and yet Scion was up again: 16 percent. The next year, 2003, the stock market finally turned around and rose 28.69 percent, but Mike Burry beat it again—his investments rose by 50 percent. By the end of 2004, Mike Burry was managing $600 million and turning money away.”
