Michael Burry Quotes
Lost dollars are simply harder to replace than gained dollars are to lose.
Topics
Budgets, Budgeting
Economic Behavior
Economic Security, Economic Insecurity, Financial Security, Financial Insecurity
Fiscal Responsibility
Investment, Investments
Money Management
Savings and Loans
Financial Planning
Behavioral Finance
Financial Literacy
Financial Loss
Loss Aversion
Risk Mitigation
Risk Perception
Wealth Preservation
Financial Decision
Dollar Value
Citations
Burry, Michael. Scion Capital Fourth Quarter 2000 Letter to Investors. Scion Capital, 2001.
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Michael James Burry is an American investor, hedge fund manager, and physician. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008, before closing the firm to focus on his own personal investments. Burry is best known for being the first investor to foresee and profit from the subprime mortgage crisis that occurred between 2007 and 2010.