Wednesday, July 20, 2011
Bloomberg TV just aired a special on Scion Capital founder, Michael Burry that is worthwhile viewing for any trader or investor.
If you missed the program, tune in now for a quick primer on Burry's entry into the investing world and the structuring of his now-famous subprime short CDS trade. This is a great story of how one blogger-turned-investor got his start operating a hedge fund and eventually shifted his focus from common stock value investing to diligently uncovering opportunities in the subprime mortgage and credit markets.
If you'd like to get a much more in-depth view of Burry's struggle to stick with his hugely rewarding trade during the height of the real estate bubble, check out Michael Lewis' book, The Big Short.
You'll also want to check out the video of Burry's recent lecture on his "big short" trade and America's financial future at Vanderbilt University.
There you'll find added links to our post on Michael Burry's emergence as a global macro star, plus a great deal of interview material with Burry and author, Michael Lewis (including some Bloomberg interview transcript material you may not have seen). Dig in and enjoy.