Michael Burry Quotes

It is ludicrous to believe that asset bubbles can only be recognized in hindsight.

If you are going to be a great investor, you have to fit the style to who you are.

My natural state is an outsider. I've always felt outside the group, and I've always been analyzing the group.

I have always believed that a single talented analyst, working very hard, can cover an amazing amount of investment landscape, and this belief remains unchallenged in my mind.

The borrowers will always be willing to take a great deal for themselves. It’s up to the lenders to show restraint, and when they lose it, watch out.

The late 90s almost forced me to identify myself as a value investor, because I thought what everybody else was doing was insane.

I just really like to find my own ideas.

Read every line item until you get it.

Early on, people invested in me because of my letters and then, somehow, after they invested, they stopped reading them.

My positioning with my investors was always, I need three to five years.

Everything I do in investment is just very different.

I don't believe anything unless I understand it inside out. And even if I understand something, it is not uncommon that I disagree with accepted view (even if it's a Nobel laureate).

I hated discussing ideas with investors, because then I become a Defender of the Idea, and that influences your thought process.

Sadly, in the highest levels of economic thought in government, questions are not tolerated. It is as if we're dealing with the binary thinking of a fundamentalist religion.