Michael Burry Quotes

I am very conservative. I don't invest in anything that is risky. If someone comes to me with a project idea, I let them risk their money, not mine.

Neither a borrower nor a lender be.

The last thing you want to do, unless it's a very unusual situation, is to invest money.

Do not enter into an agreement you cannot afford. Take precautions to avoid institutional loans with double-digit interest rates.

Be careful when you take on debt. If you take on debt personally, make sure it is small. If you take on large debt, make sure someone else is paying for it.

I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.

There is no practice more dangerous than that of borrowing money

I say to you never involve yourself in debt, and become no man's surety.

Never run into debt, not if you can find anything else to run into.

I don't like being in debt, and I wouldn't borrow money for anything.

Credit is an 'I love debt' score.

I do not give money for just mere hopes.

Investors should invest on what they know. The biggest mistake is to invest on what they don't know.

We've always been modestly leveraged, and we've never believed in a great deal of leverage on either our private equity business or on our investment banking business. And I think it really goes back to my uncle and dad growing up in the Depression and just seeing what happened to people who were overly levered.

The riskiest thing you can do is get greedy.

Investors don't like uncertainty.

I have only ever borrowed money for investment. I have been sound money all my life.

My opinion is just be very careful when you're young and making the money.

There is always risk involved. You can't be a capitalist only when there are investment profits but then a socialist when you experience losses.

Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.

The things that I've learned is, try to make all the mistakes with your own money and on a small level so that when you are responsible for a partner's money or assets, you've learned, and you don't make bigger mistakes.

My number one thing? Don't overleverage yourself. Don't say you can do something when you really can't.

... maybe we can all agree on one lesson from the Greek crisis, namely that, to maintain a friendship, you should lend only as much money as you are ready to give away anyway.

Never ask for small loans.

My philosophy, in a nutshell, is to wipe out the greatest amount of risk with the least amount of money.