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DEEP THOUGHTS FROM MICHAEL BURRY

Dr. Michael Burry, the small hedge fund manager who famously shorted the housing bust, recently spoke at Vanderbilt University.  Burry goes through the series of events that led up to the housing crisis.  He focuses intently on de-regulation and how these developments led him to believe the housing market was increasingly unstable.  He touches on several topics including the fiscal problems in the USA (I largely disagree with his opinions here), moral hazard and the continuing woes in the USA. It’s a rare look at Burry’s thinking.  Certainly worth 30 minutes. Readers might also be interested in his Bloomberg interview which is summarized here. The Vanderbilt discussion is attached:

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