Michael Burry Quotes

Best 10 Quotes by Michael Burry

“I don't believe anything unless I understand it inside out. And even if I understand something, it is not uncommon that I disagree with accepted view (even if it's a Nobel laureate).”

“I hated discussing ideas with investors, because then I become a Defender of the Idea, and that influences your thought process.”

“I have always believed that a single talented analyst, working very hard, can cover an amazing amount of investment landscape, and this belief remains unchallenged in my mind.”

“I just really like to find my own ideas.”

“If you are going to be a great investor, you have to fit the style to who you are.”

“In essence, the stock market represents three separate categories of business. They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value. The preference, always, would be to buy a long-term franchise at a substantial discount from growing intrinsic value.”

“It is ludicrous to believe that asset bubbles can only be recognized in hindsight.”

“My natural state is an outsider, and no matter what group I'm in or where I am, I've always felt like I'm outside the group and I've always been analyzing the group.”

“People want an authority to tell them how to value things, but they choose this authority not based on facts or results.”

“The borrowers will always be willing to take a great deal for themselves. It’s up to the lenders to show restraint, and when they lose it, watch out.”

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“Marcus Aurelius describes this elegantly in his 'Meditations'. He distinguishes between three types of people.

The first type of people, after doing a deed of kindness to another, is quickly to demand the favor in return. The second type of people are not so quick to ask for a return of the favor, but privately think of the other as their debtor.

The third type of people are just 'like the vine which has produced grapes and looks for nothing else once it has borne its own fruit'. Like a horse after its race or a bee after producing honey, this third type ask for nothing but pass on to the next action, 'just as the vine passes on to bear grapes again in due season'.”

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