market folly

Last night on Bloomberg TV's "Risk Takers", Michael Burry was profiled for his extraordinary subprime short. The former Scion Capital hedge fund manager is featured in Michael Lewis' excellent book, The Big Short.

While Burry is a value investor by nature, when he saw the warning signs of the impending housing bubble, he had to act. Bloomberg takes us through Burry's thinking and the pushback he received from investors upon straying from his equity value investing ways.

Embedded below is the profile on Burry from Risk Takers:



The video showcases blurbs from some of the letters Burry sent to clients before the crisis. We've posted up Burry's primer on credit default swaps & the subprime mortgage short for those interested.

At the end of the video, he mentions he's investing his own money now and doesn't have to deal with investors. Where exactly is he investing? We've posted up before that he's been buying farmland and gold.

For more great resources on Burry, we've posted up his recent subprime speech at Vanderbilt: Inside the Doomsday Machine.