Michael Burry
Michael Burry is one of the most unconventional investors alive. A trained physician who taught himself to invest while completing his medical residency, Burry founded Scion Capital in 2000 and quickly attracted attention for his ability to identify deeply undervalued stocks through exhaustive bottom-up research. His early returns were extraordinary, beating the market significantly in the years immediately following the dot-com bust.
Burry became globally famous for being one of the first investors to recognize the housing bubble and bet against it via credit default swaps on mortgage-backed securities — a trade that generated over $700M in profits for his investors and $100M personally, immortalized in Michael Lewis's book and later film 'The Big Short.' He closed Scion Capital in 2008, retreated from public life, and re-emerged in 2013 with the family office Scion Asset Management. He is now known for concentrated, high-conviction positions and frequent macro warnings on social media.
My strategy isn't very complex. I try to buy shares of unpopular companies when they look like road kill, and sell them when they've been rehabilitated.
— Michael Burry, Scion Asset Management