Sunday, April 04, 2010

Michael J. Burry saw it coming

Read Michael Burry's piece in today's NY Times and then get Michael Lewis's new book, "The Big Short: Inside the Doomsday Machine," to learn more about Burry and how the financial meltdown happened. If you like black humor, you'll think this is a funny book, even though it confirms our worst suspicions about how our government and our financial system operate.

See also Brian Lamb's interview with Lewis last month on C-SPAN. Lamb is unique in that he apparently reads the book before he interviews an author:



At 5:53 AM, Blogger Raja Gopalan said...

It would be helpful if Mr Burry could post the emails (along with names of the recipients, for validation) on a Web site. It is not clear to me why he closed down Scion capital if he was so prescient in his views?

At 9:40 AM, Blogger Rob Anderson said...

Lewis explains this in the book. It has to do in large part with Burry's having Asperger's Syndrome, leading him to lose interest in making money and the market. Besides, he doesn't need the money, since, according to Lewis, his fund made $720 million as a result of his prescience (page 223).


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