Dr. Michael Burry of Scion Capital and subprime shorting fame gave the UCLA Economics commencement speech this year and the video is embedded below. Burry was an undergraduate there himself.
This was emailed to us over a dozen times and marks another rare appearance by the famous investor profiled in Michael Lewis' book, The Big Short.
One of the best quotes from Burry's speech is: "As it turns out, information is not perfect, volatility does not define risk, markets are not efficient, the individual is adaptable."
Embedded below is Michael Burry's commencement speech at UCLA:
We've posted a ton of resources on the Scion Capital man, so definitely check out:
- Michael Burry on Bloomberg's risk takers
- Burry's primer on credit default swaps & the subprime short
- Michael Burry buys agricultural land and gold
- Burry's subprime speech at Vanderbilt
Monday, June 25, 2012
Dr. Michael Burry's Commencement Speech: UCLA Economics 2012
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