One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Michael Burry: What Was The Secret Sauce Of The Doomsday Machine
Here’s a great lecture by Michael Burry at the Vanderbilt University in 2011 in which he discusses how the financial crisis happened, why it should have been obvious to everyone, and what was the secret sauce of the doomsday machine. Here’s an excerpt from the lecture: So seeing the economy … Read More
Michael Burry: Q3 2019 – 4 New Buys, 7 Sold Out Positions
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Bloomberg: The Big Short’s Michael Burry Explains Why Index Funds Are Like Subprime CDOs
Here’s an excerpt from an article at Bloomberg in which Michael Burry explains why index funds are like subprime CDOs: For an investor whose story was featured in a best-selling book and an Oscar-winning movie, Michael Burry has kept a surprisingly low profile in recent years. But it turns out … Read More
Michael Burry – Top 10 Holdings Q22019
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Michael Burry: How To Make 7x Plus On Your Investment
Here’s a great excerpt from Michael Burry’s Scion Capital 2001 Shareholder Letter in which he illustrates how investors can make 7x plus on their investment by valuing the entire business, not just the stock price: An Illustrative Situation The repercussions of the late 1990’s asset bubble continued to resonate through … Read More
Michael Burry: The Best Way For Investors To Minimize Risk Is…
Here’s a great excerpt from Michael Burry’s 2001 Scion Capital Shareholder Letter in which he discusses the best way for investors to minimize risk saying: Although an outsider might think the goal of prevailing modern investment practice to be one of mediocrity, there in fact remains much more competition to … Read More
Michael Burry: Don’t Try To Dig Your Way Out
Following is an excerpt from Michael Burry’s MSN Case Studies in which he provides some great advice for investors who are tempted to take increased risks in order to dig themselves out of a hole. A key phenomenon driving the recent stock market advance is the need for so many fund … Read More
Michael Burry – Top 10 Holdings Q12019
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Michael Burry – Top 10 Holdings Q4 2018
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Michael Burry: How Can Investors Get Even After Suffering A Loss
We’ve just been re-reading Michael Burry’s MSN Case Studies in which Burry provides some great insights into what investors should do after suffering a loss saying: How to get even An outsider might find investors’ thinking odd. Presented with new money to invest, most set goals of growing that money. They set … Read More
Michael Burry: Measuring Money Managers By ‘Relative Performance’ Harms Their Ability To Invest Intelligently
Seth Klarman has often spoken about the nonsense of measuring fund managers by their ‘relative performance’. That is, measuring the performance of their investments against various market benchmarks. A quick read through Michael Burry’s Scion Capital shareholder letters shows that he’s also not a fan of relative performance as a … Read More
Michael Burry: 6 Books That Every Investor Should Read
Our Recommended Books We recently started a series called – Superinvestors: Books That Every Investor Should Read. So far we’ve provided the book recommendations from: Charles Munger: 32 Books That Every Investor Should Read Seth Klarman: 32 Books That Every Investor Should Read Warren Buffett: 35 Books That Every Investor … Read More
Michael Burry (1999): It Seems To Me That AAPL Is Incredibly Undervalued @ $1.59
Back on 5/17/1999 Michael Burry, a self confessed value investor, wrote a post on an investing message-board called – The Silicon Investor. His post detailed his valuation on AAPL stock, which at that time traded at around $1.59. Currently the stock trades at around $218. Here’s an excerpt from that post: … Read More
Michael Burry: Risk Is Not Defined By Volatility, But Rather By Ill-Conceived Investment
One of the investors we like to follow closely here at The Acquirer’s Multiple is Michael Burry, founder of Scion Asset Management, a company he liquidated in 2008 to concentrate on his own investments. Burry’s shareholder letters are some of the most insightful for investors. One of the best is … Read More
Michael Burry: “Ick” Stocks Provide Fertile Ground For Rare Neglected Deep Value Situations
One of our favorite investors here at The Acquirer’s Multiple is Michael Burry, founder of Scion Capital. His annual letters provide some great insights for value investors. One such example can be found in his 2001 letter in which he discusses two important concepts. The first is a mistake that … Read More
Michael Burry – Don’t Be Seduced By Too-Good-To-Be-True Higher Yield Investments
One of the best investing resources are Michael Burry’s MSN 2000/2001 Strategy Lab articles where he provides some great insights into his investing strategy. Value investor Burry was the founder of the hedge fund Scion Capital, and he was one of the first investors to recognize and profit from the subprime mortgage … Read More
Michael Burry – Search For Unpopular Companies That Look Like Road Kill
One of our favorite value investors here at The Acquirer’s Multiple is Michael Burry. Burry was the founder of the hedge fund Scion Capital, which he ran from 2000 until 2008. He later closed the fund to focus on his own personal investments. Burry was one of the first investors to … Read More