Who is Michael Burry?
Michael Burry Is A American doctor, hedge fund manager, and financier Michael Burry is well known. His fame increased as a result of his investments. Michael is worth millions of dollars. Since 2000, he has served as the company’s founding member. This business operated until 2008.
Burry practiced medicine at one point in his life, which added to his wealth. His second source of wealth in the investment industry is the correct prediction he made years before, which drew institutional and individual investors.
Michael Burry’s Profile Summary
- Celebrated Name: Michael Burry
- Real Name/Full Name: Michael J. Burry
- Gender: Male
- Birth Date: 19 June 1971
- Birth Place: San Jose, California, United States
- Nationality: American
- Marital Status: Single
- Profession: American physician, investor, and hedge fund manager
- Net Worth: $250 million
Early Life
On June 19, 1971, Michael Burry was born. He was raised in San Jose, California. Santa Teresa is where he received his high school certificate. Later in life, he enrolled at the University of California, Los Angeles. He double-majored in pre-med and economics. He eventually earned a master’s degree in medicine from Vanderbilt University.
He completed his fellowship in neurology at Stanford Hospital and Clinics. Michael Burry once faced obstacles that cost him his life as a result of his concurrent employment at a medical school and personal interests, such as sleeping in and crashing into an oxygen tent.
Career
Michael Burry’s medical career ended after he left his position as a neurology resident at Stanford University. He then established his hedge fund. Michael Burry had a great reputation in the world of investments in 1996. He did this after seeing great success with value investing.
Posting on the message boards of the stock discussion website aided him in his success. Because of his tremendous achievements, numerous businesses have expressed an interest in collaborating with him. In addition, he piqued the interest of prominent investor Joel Greenblatt.
Michael Burry shut down his website and founded Scion Capital in 2000. It was paid for with family debts, an inheritance, and the love of his family. By 2004, this investor had $600 million in assets. In 2005, he became interested in the subprime mortgage market.
Michael Burry predicted correctly that mortgage lending would fall in the first quarter of 2007. He made this decision based on his encounters in 2003 and 2004.
Michael encouraged investment firms such as Goldman Sachs to sell him credit default swaps to combat this without incurring a financial loss. As a result, he addressed the situation at a very high level. Michael has never denied that David Dodd and Benjamin Graham’s 1934 book Security Analysis influenced his sense of style. However, not everyone agreed with his prediction, resulting in a modest drop in investment.
Things changed once his prediction came true. In April 2008, Michael Burry defaulted on his credit card. As a result of the 2008 and 2009 bailouts, he will lose his perks. His claimed goal in dissolving the company was to focus on all of his previous interests. Scion’s administration was terminated in 2016.
Personal Life
Burry currently resides in Saratoga, California, with his wife and children. Michael Burry assumed he had Asperger syndrome after his son was diagnosed with it. However, he resides in Saratoga with his wife and children.
Net Worth
Michael Burry’s net worth was $250 million as of November 2022. This is the result of his efforts to invest in his company.
Social Media
Instagram: @officialmichaelburry
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