Michael Burry Quotes

You have to know what you own. You have to really do your homework in terms of knowing what supports your bonds.

The whole concept of dividing it up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another. But, to me, all intelligent investing is value investing.

Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.

The Interros strategy toward various assets generally depends on the stage of their development and level of their maturity.

Investing should be dull. It shouldn't be exciting.

Investing is about intellectual honesty. You want to know what you know. You want to know, mostly, what you don't know.

Successful investing is all about common sense.

Diversification has been, and balance, like Wellington, has been so drummed into me, it's part of my personality.

To be a good investor, you have to think differently from others.

Good investors have to choose how to allocate their mind share with the precious capital they have.

Well, the most important thing in investing is to know what you're investing in, and if you're confident in the outcome, it's important to stay true to your position.

Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.

Always keep your portfolio and your risk at your own individual comfortable sleeping point.

The ability to select stocks, manage them over time and know when to sell them is incredibly difficult, even for professional fund managers.

We don't manage money for anyone else. We bear responsibility only for our own risks.

In my day job, I worry non-stop about making wise investments for long-term gains.

I create offbeat advice; I don't follow it. I rarely take third-party advice on my investments.

I was not a student of Wall Street, but I was a quick study.

I think you'll do as well as most professionals. Most professionals don't beat the market. Let's not over-rate my industry. But if you have time, you can be in good mutual funds that have good records.

I'm a very passive investor.

I invest in funds myself even though I run my own fund for my daughters.

I really did believe that the most successful investments were the ones that you could own for the long run.

I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - just the facts.

To make the most of your money, I recommend sticking with mutual funds that don't charge a commission when you buy or sell.

One of the greatest pieces of economic wisdom is to know what you do not know.