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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“We do not live in a world of dreams, but in an Universe which while relative, is real so far as our lives and actions are concerned.
Our business in the Universe is not to deny its existence, but to live, using the Laws to rise from lower to higher – living on, doing the best that we can under the circumstances arising each day, and living, so far as is possible, to our biggest ideas and ideals.
The true Meaning of Life is not known to men on this plane – if, indeed, to any – but the highest authorities, and our own intuitions, teach us that we will make no mistake in living up to the best that is in us, so far as is possible, and realising the Universal tendency in the same direction in spite of apparent evidence to the contrary.
We are all on The Path – and the road leads upward ever, with frequent resting places.”
