Extra: The $8.4 Billion Bet

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CBS

CBS

14 жыл бұрын

Wall Street outsider Michael Burry bet against the market and won... big time!

Пікірлер: 1 700
@drexlspivey5828
@drexlspivey5828 4 жыл бұрын
He has mortgage eyes One fixed, one variable
@user-ul5gi9yw9t
@user-ul5gi9yw9t 4 жыл бұрын
Dam bro that's cold It's cause he's constantly looking at 17 monitors trading shares and has to share his eyes with them clearly
@SrinivasaraoK292U
@SrinivasaraoK292U 4 жыл бұрын
What is matter with you buddy...See comment below yours, He said"I bet against the america and won"
@brandonreed09
@brandonreed09 4 жыл бұрын
Sounds like it's time to buy a swap 😉
@shantanujoshi290
@shantanujoshi290 4 жыл бұрын
lewis morrison one fixed, one adjustable
@ufchighlights1
@ufchighlights1 4 жыл бұрын
That fuckin hilarious
@sadmansushi9911
@sadmansushi9911 4 жыл бұрын
Why does this look like an old man interviewing his younger self?
@joshreddy4278
@joshreddy4278 3 жыл бұрын
sadmansushi , omg did not observe that!
@roshilnichani7127
@roshilnichani7127 3 жыл бұрын
And I thought I was the only one who thought that😂
@BrianRumao29
@BrianRumao29 3 жыл бұрын
You have just blown my mind 😂
@spacepirate1449
@spacepirate1449 3 жыл бұрын
Hahahha yes!
@BingeworthyContent
@BingeworthyContent 3 жыл бұрын
YOU WIN SADMAN
@anonimniprofil3816
@anonimniprofil3816 7 жыл бұрын
This guy should play batman.
@ConsumeristScroffa
@ConsumeristScroffa 7 жыл бұрын
That's funny.
@romevo100
@romevo100 5 жыл бұрын
hahahahahahahahahaahahahaha nice one
@kydalchemy
@kydalchemy 5 жыл бұрын
So much irony in this comment. 👌🏻
@tactiguay7154
@tactiguay7154 5 жыл бұрын
Are you Bruce Wayne?
@Yoursoul101
@Yoursoul101 4 жыл бұрын
Do you have the same eye condition he has or something?
@mituldaniadventureJunkie
@mituldaniadventureJunkie 6 жыл бұрын
In a world of blind people... A guy with one eye is the king. Well done Michael Burry.
@mgorbaty
@mgorbaty 6 жыл бұрын
One eye is all that’s needed to pay attention
@RazaPlaysGames
@RazaPlaysGames 5 жыл бұрын
Nailed that
@tec5412
@tec5412 5 жыл бұрын
That's hilarious. Never has that been more fitting.
@sectorxxivc7628
@sectorxxivc7628 5 жыл бұрын
@Devansh Chauhan tere baap
@maxwave3334
@maxwave3334 5 жыл бұрын
Minority report guy next time dont plagiarize its better quote not regurgitate
@bloodspilla55
@bloodspilla55 3 жыл бұрын
This man is a physician who was a resident neurologist at Stanford before his legendary big short. This man is incredible.
@KhalidElwaleed
@KhalidElwaleed 3 жыл бұрын
Really !! ... that explain a lot .
@EdDunkle
@EdDunkle 3 жыл бұрын
He stayed up late while a resident at Stanford working on his stock picking blog. He fell asleep during a surgery. When he told Stanford he wanted to drop out, they made him see a psychiatrist! It's just the craziest story.
@paulcoote3094
@paulcoote3094 2 жыл бұрын
Just lucky. He hasn't done anything since, maybe if he cures cancer and had stopped covid he could be labelled incredible. Just a plain ol gambler.
@VV-cy3nw
@VV-cy3nw 2 жыл бұрын
@@paulcoote3094 in his first year(2001), the S&P fell 12% but he made 55% gaina. In 2002 the S&P fell 22% and he made 16% gains. "Gambler"
@gmatsue84
@gmatsue84 2 жыл бұрын
@@paulcoote3094 A more down to earth troll insult that actually makes sense would be "of course he did it, he's authistic". But then again, it just works in his favor..
@nnmartin94
@nnmartin94 3 жыл бұрын
I think Christian Bale hammed up his weirdness - he's not that weird. But other than that he nailed the overall vibe of the character.
@RS-pp7ng
@RS-pp7ng 3 жыл бұрын
I think a lot was for dramatic purposes, to be honest
@kdog8073
@kdog8073 3 жыл бұрын
An actor made it more entertaining? Really?
@RS-pp7ng
@RS-pp7ng 3 жыл бұрын
@@kdog8073 exactly.
@nnmartin94
@nnmartin94 3 жыл бұрын
@@kdog8073 some people consider not being 100% faithful to be a bad thing lol
@DonAntonio6
@DonAntonio6 3 жыл бұрын
Not a documentary
@libertyprime5965
@libertyprime5965 5 жыл бұрын
"It's not about the money... it's about sending a message."
@xandersotheraccount2356
@xandersotheraccount2356 4 жыл бұрын
JiveLive2G this is a joker quote you idiot
@almost1889
@almost1889 4 жыл бұрын
@@xandersotheraccount2356 xD
@billycasper3351
@billycasper3351 4 жыл бұрын
@@xandersotheraccount2356 And he's just peacefully expanding the meaning of how joker's quote relates to the situation. chillax.
@mandystop1077
@mandystop1077 4 жыл бұрын
@@billycasper3351 damn u handled it nicely😅😅
@alex_p90
@alex_p90 3 жыл бұрын
It’s not just about the money. It’s about a shit ton of money!!
@petergriffin355
@petergriffin355 8 жыл бұрын
When a Goldman Sachs ad is before the video. Smh
@geesus77
@geesus77 5 жыл бұрын
I hope Goldman Sachs go bankrupt.
@ricochetVendetta
@ricochetVendetta 5 жыл бұрын
Can I ask what do they advertise because they used to be pretty covert, now they are a retail bank and play that seriously?
@nobody.123
@nobody.123 5 жыл бұрын
"They're evil!" "They're evil" *_Ya just can't win with you people..._*
@rozaligreen527
@rozaligreen527 5 жыл бұрын
GS advertising on KZfaq? Lol sure
@cpfalcon51
@cpfalcon51 4 жыл бұрын
🎶 "Shake, shake, shake ya moneymakuhhhh..." 🎶
@TonyMontana-ec6kt
@TonyMontana-ec6kt 8 жыл бұрын
i swear to god just watched big short, bale performs this guy to the point.
@erwin643
@erwin643 8 жыл бұрын
+Tony Montana You got that right. He'll probably pick up Best Supporting Actor at The Oscars
@curryman1995
@curryman1995 7 жыл бұрын
no he doesnt. after watching this interview this guy speaks normal, bale speaks with a sort of stammer, this guy sounds 100% normal when he speaks
@philadelphiacollins4915
@philadelphiacollins4915 6 жыл бұрын
Tony Montana ...I have to disagree, Christian bale was great in the movie BUT, when it comes to an accurate portrayal of this guy, Bale went a little bit overboard ... he made this dude seem like he had some kind of super weird anti-social disorder or something, idk ...
@zeaferjones1404
@zeaferjones1404 6 жыл бұрын
I bet this guy is like, "only batman can play me in a movie!!!"
@dzelpwr
@dzelpwr 6 жыл бұрын
After watching Christian Bale's portrayal, I immediately thought to myself "I think the guy may have asbergers." Read more about Burry later, his kid has been diagnosed as having asbergers and Michael himself, after reading the symptoms of it, now wonders himself if he does have it too. Not that it can't be overcome, but there definitely was the sense of this guy doesn't interact quite like most people and is far and away more focused on what he does than on human interaction. I'm sure you can think of a few people "on the spectrum" you've known in your life who are similar. Maybe not the most socially adept, but they have a laser beam focus on a couple very specific subjects and are amazingly good with them, they can see and pick out things more average people won't when they get so focused.
@sjurior
@sjurior 3 жыл бұрын
Sounds like Toby from The Office.
@steverogers7601
@steverogers7601 3 жыл бұрын
Toby sounds and acts more like dr burry than Christian bale does lol
@thatduckieYT
@thatduckieYT 3 жыл бұрын
No! No no no! God no!! Noooooooooo!!!!!!
@juanio7036
@juanio7036 4 жыл бұрын
Imagine being mad at a guy who made you millions of dollars. Lol
@Nesto38
@Nesto38 4 жыл бұрын
It's called pride, they were so pissed about the trade and probably wanted to sue him and all that but dont want to admit that he was right. Their own pride and ego is forcing them to be pissed off instead of simply admitting to him he was right
@sukkeri
@sukkeri 4 жыл бұрын
@@Nesto38 No, it's not pride. The outcome does not determine the rationality of the trade. Even if he was right it could have been a too risky bet. He might have just gotten lucky.
@muabyt7333
@muabyt7333 4 жыл бұрын
People betting against the housing market in the past is comparable with flat-earthers today. Would you be mad if someone would bet your millions that the earth is flat? Even if the person is right in the end.
@tanmaysahoo7416
@tanmaysahoo7416 4 жыл бұрын
@@muabyt7333 Burry had a reason to believe that housing market would go bust. He did his research thoroughly. At one point an old man tells him that even the lawyers wouldn't read the stuff he has read. Flat Earthers are a bunch of fools who won't listen to reason just like anti-vaxers. That was a weird-ass comparison you made there
@RUfor80six
@RUfor80six 4 жыл бұрын
@@tanmaysahoo7416 dude murry bet their whole lives on something that never happened before...i can see why they would still be upset even if they made a ton of money...its like going all in on a black jack hand when the dealer is showing an ace...
@274THEGAME
@274THEGAME 8 жыл бұрын
Here because u jst finish watching BIG short
@ticler
@ticler 7 жыл бұрын
Fuck yeah!
@captainhighbury1806
@captainhighbury1806 6 жыл бұрын
yup.
@goalieking3378
@goalieking3378 6 жыл бұрын
Nop... this was the first thing I thought of after watching porn!! : P
@bjrnb9042
@bjrnb9042 6 жыл бұрын
yep
@khairiledzhamismail1029
@khairiledzhamismail1029 6 жыл бұрын
Yup...
@glockwell
@glockwell 3 жыл бұрын
The fact that a man with one eye saw something nearly everyone else couldn’t is just poetic, and his confidence in his trade while investors panicked makes for a story almost too good to be true.
@grimboslizzdagrizz
@grimboslizzdagrizz 3 жыл бұрын
It only takes one to look and actually see something. Many with two eyes weren't looking, and saw what was coming far too late
@Liedragon
@Liedragon Жыл бұрын
In the land of the blind the one eyed man is King.
@KonohasYeIlowFlash
@KonohasYeIlowFlash Жыл бұрын
Like Odin who gave up his eye to gain wisdom.
@kayrealist9793
@kayrealist9793 8 жыл бұрын
Damn big short is a good movie...
@dodgerboy812
@dodgerboy812 8 жыл бұрын
U should watch the tv show billions
@MarcDeMesel123
@MarcDeMesel123 7 жыл бұрын
thanks for the tip! ;)
@aragon7369
@aragon7369 7 жыл бұрын
You could say that again.
@bighands69
@bighands69 7 жыл бұрын
It is very entertaining but way of the mark. The biggest lie in all of this is that the banks are responsible for the overall state of the American economy. The banks had nothing to do with the US economy being outsourced to China.
@BarronChannel
@BarronChannel 6 жыл бұрын
bighands69 Let me guess... Trump supporter 🙄😒... You're the one way off the mark
@jimmymags6516
@jimmymags6516 3 жыл бұрын
He made some people 10's of mills and they were still upset w him What an insight to human nature .
@inmate0054
@inmate0054 3 жыл бұрын
Jimmy Mags he probably took a big risk with all their investment. Some people really don’t like that
@alexmurphy5289
@alexmurphy5289 3 жыл бұрын
@@inmate0054 Risks pay out. That’s why it’s called a risk. Get upset when it doesn’t work out...
@enzosamuel571
@enzosamuel571 3 жыл бұрын
@@inmate0054 hedge funds make money betting on risks, the people who invested knew their money was at risk
@stefanakosmar
@stefanakosmar 3 жыл бұрын
@@alexmurphy5289 Sir I don’t think you have any idea about all of this, with all due respect.
@Repsolthefirst
@Repsolthefirst 3 жыл бұрын
@Edwin Younes You're all missing the point. Burry took a short position of over a billion of his investors' money in what was at the time, the most stable securities on the planet, believing something that had never happened before, would happen. You can have 100% faith in someone until they do something stupid. Burry was doing something stupid. You people don't understand what hindsight is.
@quairan2099
@quairan2099 3 жыл бұрын
He's a perfect money manager for people that never look at their accounts.
@Jetdot37
@Jetdot37 4 жыл бұрын
He sees the world in different angles. Or directions. Or dimensions.
@MauricioRamcerva
@MauricioRamcerva 4 жыл бұрын
it's funny because it's true!
@fyradur
@fyradur 3 жыл бұрын
No, it's much simpler. He just knows the math and looks rationally what it implies even if the whole world says you're wrong. If you know the math anyone can deduce such things, but if everyone says you're wrong and what you need to do is risk your entire career and all your money, people get insecure and play it safe. Hell, your reputation alone at risk make people back of. Example of this is Lorentz who actually was first to discover special relativity before Einstein. The difference is that Lorentz thought it was some kind of faulty mathematical magic trick whereas Einstein rationally saw that it was the best description and went on to evolve it into General Relativity.
@knowthycell
@knowthycell 3 жыл бұрын
@@fyradur the economy and the market are never simple
@haloskycrash
@haloskycrash 3 жыл бұрын
Yeah, it's refereed to "in the spectrum".
@deepseathriver6400
@deepseathriver6400 3 жыл бұрын
Hey your not allowed to post this
@realry329
@realry329 3 жыл бұрын
The guy who bought 1.7 million shares on Gamestop with a price between $2 to $5 several years ago. Pure genius.
@samsonsoturian6013
@samsonsoturian6013 2 жыл бұрын
Not all his bets work out.
@jacobitosuperstar
@jacobitosuperstar 2 жыл бұрын
@@samsonsoturian6013 the only bet that didn't work was when he shorted Tesla stock to early. He miscalculated the amount of die hard fans Elon could get, and for how much time, before the stock inevitably stumble. He even bought AMC stock and worked.
@nmarbletoe8210
@nmarbletoe8210 Жыл бұрын
@@jacobitosuperstar I think he mistimed Tesla shorts, but also may have fundamentally undervalued the company.
@duke9815
@duke9815 Жыл бұрын
​@@samsonsoturian6013 No one is always right. The important thing is when someone knows 100% that he has the best hand, he should go all in. He did and won loads of money.
@samsonsoturian6013
@samsonsoturian6013 Жыл бұрын
@@duke9815 except he didn't
@ianandersen265
@ianandersen265 2 жыл бұрын
The investors were upset because Michael Burry refused to let them sell their position at a loss. The investors in turn sued him. Before the lawsuits could make it to court, the investors' position recognized huge gains, and Burry "settled" the case by allowing investors to withdraw their winning investments.
@SquishyEggo
@SquishyEggo 6 жыл бұрын
To quote the movie Scarface: “Don't underestimate the other guy's greed!”
@johncostello2948
@johncostello2948 4 жыл бұрын
Another Scarface quote that is applicable here: "Every dog has his day."
@tateroberts9841
@tateroberts9841 4 жыл бұрын
This guy sounds exactly like Toby Flenderson
@Nyperia
@Nyperia 4 жыл бұрын
Damn, you are 100% right.
@kylemaloney914
@kylemaloney914 4 жыл бұрын
Dude....hahaha
@BullyGarfield.
@BullyGarfield. 3 жыл бұрын
lmao
@kemchobhenchod
@kemchobhenchod 4 жыл бұрын
Christian Bale really got a lot of his mannerisms.. that eye is just such a beautiful metaphor for his ability to see what was really happening in the market.
@Deepskies1
@Deepskies1 3 жыл бұрын
I think Bale overdid it, he made him look way more socially awkward than he actually is
@BuckandOden
@BuckandOden 4 жыл бұрын
Now this guy has so much cred, he can buy a really low stock, announce to the world that he bought it, and make it's price go just from that.
@adamnyambala5607
@adamnyambala5607 4 жыл бұрын
That's illegal
@CheapGodiva
@CheapGodiva 4 жыл бұрын
@Inda Now Bingo
@paakwesi4395
@paakwesi4395 4 жыл бұрын
The intelligent ones never do that.
@MattBritishRedditMemesComedy
@MattBritishRedditMemesComedy 4 жыл бұрын
The ol' Carl Icahn play book. Even if nothing actually happens in the company operations wise, he makes money by just selling after he announces he bought. Although he only has a limited # of times he can do that if people lose money.
@dancer1
@dancer1 4 жыл бұрын
Inda Now it is illegal to manipulate a stick with social media. Elon musk did this in 2018 and was fined 40 million. I think his Twitter got hacked the other day
@memesinc5852
@memesinc5852 Жыл бұрын
Those investors who were angry even after making tens of millions... Classic example of people who want to be right even if in being right they self destruct.
@charliemaynard6375
@charliemaynard6375 Жыл бұрын
Do you understand what he did? These people were losing millions for years they had every right to be upset
@maxpeck4154
@maxpeck4154 Жыл бұрын
A dark corner of the modern human condition in the social media age: BE right at all costs, to hell with DOING right
@playinsanity5133
@playinsanity5133 Жыл бұрын
Imagine you're being forced to go bungee jumping. You're deathly scared and you feel like you're going to die if you jump. But the people working there are assuring you that "it's gonna be fine, trust me bro." EXCEPT NO ONE HAS EVER DONE THE JUMP BEFORE. In fact, there's no record of a jump ever being successful at this bungee place. Regardless of your objections, the staff pushes you anyway and you end up surviving and winning a little prize. Are you happy? Probably more relieved than happy. But also probably mad at the people who pushed you off without your full approval. Michael Burry might have understood the situation but some of the investors are ignorant of some of the details of this stuff. They were probably confused FOR YEARS. Even Burry was a little confused when the CDOs and bonds weren't decreasing in value when defaults were going up.
@prokrastinator6648
@prokrastinator6648 Жыл бұрын
I think the problem is deeper, it's not about the money. He placed a bet against one of the strongest foundations of the American economy - the real estate market. Which worked for so long, and people simply could not believe that what they had believed in for so long could beat a bubble. This makes them idiots, and it’s hard to put up with it, even if you made money in the end, and the fact that almost everyone turned out to be idiots, and there is nothing shameful in that. It's not about the money.
@maxpeck4154
@maxpeck4154 Жыл бұрын
@@prokrastinator6648 They weren't idiots... securitization motivated lenders to lend to people that couldn't pay it back. They knew and didn't care because they could immediately bundle bad loans with good loans, creating a "diversified bond", and they'd sell it off by the weekend. It was no longer their problem until they started to fail and became EVERYONE'S problem. The people trading the bonds may not have known, but the lenders knew, and every one of them crossed their fingers and hoped the market would remain stable until they could cash out, knowing it would collapse and they could say "everything was fine when I left folks". They weren't idiots. They were criminals.
@UsmanKhan-qs9ib
@UsmanKhan-qs9ib 4 жыл бұрын
Screw all the motivational speakers on social media All the same blah blah story This guy is something else Wow
@TheMonsterTwinkies
@TheMonsterTwinkies 3 жыл бұрын
Try to look at this from a different angle This guy: got it
@mkelebay
@mkelebay 4 жыл бұрын
What's most astonishing isn't the fact that he had the foresight to see it coming, and the guts to bet on it. The most astonishing part is he empathizes with those inveators who doubted him so readily.
@farisha13
@farisha13 3 жыл бұрын
People with Asperger's eventually learn to behave like that, in order to adjust to a world where they are the minority. We understand that neurotypicals are lemmings spellbound by all the intense, distractive theater that their mutualised emotions keep demanding of them - like a herd being under the influence of hard drugs. They really can't seem to help it and they have resort to the premise of "empathy" as a group advocacy slogan to cope with the quicksand-like challenges they find themselves falling into. 😊
@wedemgoyz7678
@wedemgoyz7678 Жыл бұрын
@@farisha13 in other words, only cash can save misunderstood but this guy is on another level
@obviously6thbeliever
@obviously6thbeliever 11 ай бұрын
He kept up on the information, had the patience to look into the details and made a brilliant trade based on his own information. But even he is not infallible, as evidenced by the fact that he sold his positions early at a price lower than they would have been a few months later
@mjl8197
@mjl8197 7 ай бұрын
​@obviously6thbeliever Clearly he was under a great deal of pressure to do so, and there were apparently growing risks that the long position holders were about to fail so hard that they could not meet their obligations. It is complex, but I believe the type of instrument involved may have been lower in obligation priority to fulfill, behind debts to creditors and more senior non-derivative securities of failing companies carrying the obligations. At least in the movie they portrayed angst at the possibility of waiting too long to close the position and getting nothing.
@Sills71
@Sills71 3 жыл бұрын
As a financial advisor I know how right he is.... you can make people money and they will still be upset... because humans are emotional, irrational creatures to a large extent.
@jayakrishnan26
@jayakrishnan26 2 жыл бұрын
They were upset cos they made money while millions of others lost money and homes...context is important
@Sills71
@Sills71 2 жыл бұрын
@@jayakrishnan26 Incorrect. They were upset because they thought the trade was bad and were worried about losing their money, even when they made money they still blamed Barry for causing them such worry.
@oNtuobAwoH
@oNtuobAwoH 2 жыл бұрын
That's not why they are mad. They are mad because the purpose of funds is to present with a stable, slow growth. This is not their betting money, it's their safe money. Now sure, it turned out that Burry was right, but it was in no way a safe bet, so they were also right to be mad - that's not what they gave him the money to do. Would you ever take all your savings and bet on black? Now imagine if someone took all your savings and did it against your will. I wouldn't care in the least that I happened to double my money, I would want that person's head for daring to do that.
@Savsaer
@Savsaer 2 жыл бұрын
@@oNtuobAwoH How it wasn't a safe bet? If you invest in stocks sometimes they can be manipulated. If how ever you are betting for a bubble to burst that cannot bet manipulated with so much evidence of it's likelihood to happen, then to me that sounds like a pretty safe bet in a finance world. And Burry didn't bet all the liquidity.
@normancarter5419
@normancarter5419 Жыл бұрын
THEY ARE GREEDY.
@DalleGamer
@DalleGamer 3 жыл бұрын
I hope he lives his best life he really deserves it. Imagine spotting such a big flaw where thousands of other economists or investors couldn't and then betting even betting essentially his future on it. Like watch "The Big Short" if you havn't like really
@michaelroberts7770
@michaelroberts7770 Жыл бұрын
They all knew it was coming, what was Barnie Franks quote in Jan 2007, oh yeah... "Lets roll the dice one more time"
@EasyBreezyCheezy
@EasyBreezyCheezy 3 жыл бұрын
What a gem of a recommendation! Finally KZfaq’s shows me something Awesome
@mindpsychs1805
@mindpsychs1805 4 жыл бұрын
Michael Burry his success is a example that if you are smart and intelligent, your mind and you heart says it is the right thing to do, you stick to your idea and decision no matter how strong and big the opposition is
@coctoboggan
@coctoboggan 3 жыл бұрын
The guy getting interviewed looks like the younger version of the interviewer
@KD-kl4sx
@KD-kl4sx 3 жыл бұрын
As said in a comment above you 6 months ago, well done for copying
@jihadityrone2197
@jihadityrone2197 3 жыл бұрын
@@KD-kl4sx This guy getting interviewed looks like the younger version of the interviewer
@actualideas8078
@actualideas8078 3 жыл бұрын
All of the elites are related
@NYRM1974
@NYRM1974 4 жыл бұрын
The investors who made serious money from Dr. Burry should kiss the ground he walks on. He looked out of the box and beyond to see the opportunity..... He commands forward thinking in modern investing strategy........
@ethrez
@ethrez 4 жыл бұрын
NYRM1974 Well, money is not always worth the stress, amd there are set risk limits even for hedgefunds, set strategies etc, o lr at least should be.. investors have various risk appetites.. plus he made them not being able to withdraw their money for years, you see?
@yoyu2567
@yoyu2567 3 жыл бұрын
Sure with foresight yes but the time his strategy was the equivalent that the sky would fall
@tnikoli40
@tnikoli40 3 жыл бұрын
He could have invested their money in google, facebook or amazon and made them billions
@thephilosopher7173
@thephilosopher7173 3 жыл бұрын
@@yoyu2567 But his reasoning was there to believe the market was gonna crash, and the only reason he would have failed was because they played it crooked.
@TianaHook
@TianaHook 8 ай бұрын
Crypto user could top 1B by the end of 2023 as nations continue to adopt Bitcoin Buy the dip, and HODLfor the long term .Bitcoin Always comes back.
@MorrisonChris
@MorrisonChris 8 ай бұрын
Investing and trading are more than just having TA skills.there is a big component of discipline and emotional maturity,that one has to work on! Time in the market vs timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path
@donaldjack5487
@donaldjack5487 8 ай бұрын
How come someone who is just starting out navigate the crypto space ? I don’t have the heart to see the bulk of my portfolio go from green to red.
@donaldjack5487
@donaldjack5487 8 ай бұрын
Impressive can you share more info?
@donaldjack5487
@donaldjack5487 8 ай бұрын
She appears to be well-educated and well-read I ran a google search on her name and came across her website; Thank You for sharing.
@eyadkourdi2325
@eyadkourdi2325 3 ай бұрын
If you have a movie made after you, you are the sigma trader Surely years after that he lost lots of money on many shorts but that trade was defiantly the most legendary one we ever saw
6 жыл бұрын
that feeling you're in a big position going opposite way (but you know you're right) and in the end it goes in your favor, it is more of a relief, the $$$ are a nice bonus though.
@EricSmyth4Christ
@EricSmyth4Christ 5 жыл бұрын
Yes poker is like this. It's more of a relief.
@FacialHat
@FacialHat 4 жыл бұрын
He is a force to be matched: one eye on the money and another eye keepin watch on YOU
@253d5
@253d5 3 жыл бұрын
The ultimate “YOLO”
@florianhaffner3910
@florianhaffner3910 Жыл бұрын
Just from hearing a few sentences you realize he is very intelligent. Well done.
@really4473
@really4473 5 жыл бұрын
All it takes is looking outside of the box to see the big picture. Well done doctor.
@moneyfueled1056
@moneyfueled1056 3 жыл бұрын
Just finished the big short and here it is, KZfaq’s algorithm works more than my jobless ass
@benilak
@benilak 3 жыл бұрын
Has your ass found it a job yet?
@moneyfueled1056
@moneyfueled1056 3 жыл бұрын
@@benilak yes hamdulillah like 2 weeks after this comment, as construction manager, making 2.5k per month
@AsianVideoGamer
@AsianVideoGamer 2 жыл бұрын
Investors be like, "I didn't want millions of dollars, I just wanted 5% on the dollar..."
@sbtbfanatic
@sbtbfanatic 14 жыл бұрын
This guy is a genius and realized that the subprime market would crater before hedge fund manager John Paulson did.
@user-gf5zo3hp5y
@user-gf5zo3hp5y 6 ай бұрын
I need a sleep core Burry playlist
@uniball01
@uniball01 4 жыл бұрын
You have a really nice haircut, did you do it yourself?
@Dywrektor
@Dywrektor 4 жыл бұрын
LiamRC I think he goes to Supercuts
@cvcexcomm
@cvcexcomm 4 жыл бұрын
That's a nice shirt, do they make it men?
@cryptobuzz1680
@cryptobuzz1680 4 жыл бұрын
And he knows more than Alan Greenspan . LOL
@naveenrockzz1996
@naveenrockzz1996 4 жыл бұрын
Crypto buzz well. Dr. Mike Burry! Yes he does...
@tensphreak
@tensphreak 4 жыл бұрын
Supercuts..watch the Big Short
@leomathlein3658
@leomathlein3658 3 жыл бұрын
Imagine having this guy as your mentor... you’ll learn the drums and make a lot of money!
@Annutron
@Annutron 4 жыл бұрын
Wonderful, crisp and short
@andrewhowden6198
@andrewhowden6198 3 жыл бұрын
That giggle at the end by the interviewer, just couldn't hold back his laughter at his eyeballs.
@jaygio
@jaygio 3 жыл бұрын
Its a glass eye stupid. He only has 1 eye
@ZombieProdigyUS
@ZombieProdigyUS 4 жыл бұрын
OMG this is the real guy from "The Big Short"
@jadedx6399
@jadedx6399 4 жыл бұрын
You didn’t search for this vid. And they did him dirty in that thumbnail.
@whatswiththisnewhandlesthing
@whatswiththisnewhandlesthing 3 жыл бұрын
Yeah, sure, nobody's watching the Big Short and typing "Micheal Burry" into the search bar, absolutely preposterous
@Stonewallz
@Stonewallz 3 жыл бұрын
This man is legendary.
@lila-rose3612
@lila-rose3612 6 жыл бұрын
Here after thoroughly enjoying the big short!
@KudaFamily
@KudaFamily 4 жыл бұрын
I do t remember this scene from the movie but I’d really be interested in seeing the real 60 minutes clip of this interview to see how close Cristian Bale was at playing this guy...
@mouliteeparthi9838
@mouliteeparthi9838 3 жыл бұрын
This guy played Christian Bale pretty well!
@MVPmailman
@MVPmailman 3 жыл бұрын
now this man has his own movie
@joshspiker
@joshspiker 6 жыл бұрын
This guy is my INSPIRATION. See you at the top, my friend. :)
@HeyYaKnow
@HeyYaKnow 4 жыл бұрын
When I was deployed to Iraq in 2007, some of the guys were playing around with etrade. I remember one of my buddies bought stock in Chevrolet right before the government bailout and made a shitload of money.
@davidthesparky
@davidthesparky 3 жыл бұрын
Americans hate being told they’re wrong. Even if you say “Here’s the $400M I made you, but you were wrong.” They will still hate that you brought it up.
@trh616
@trh616 3 жыл бұрын
I think they're upset bc it was risky and when you have hundreds of thousands/millions in someone else's hands it can be an uncomfortable situation
@sugadre123
@sugadre123 2 жыл бұрын
@@trh616 Nope he is right. Ego is a drug. Its just because they dont wanna be wrong. Likely most of them were already rich so it was more important to be right than getting any richer. It made them feel stupid
@samsonsoturian6013
@samsonsoturian6013 2 жыл бұрын
Dude, if you look at anything slightly political you'll find most of us refusing to hear anything suggestion there aren't systemic issues.
@normancarter5419
@normancarter5419 Жыл бұрын
IT IS CALLED MAGA AND TRUMPISM.
@Tezukachannel
@Tezukachannel Жыл бұрын
Replace "Americans" with literally anybody. We get it. You hate Americans.
@NetworkStatic
@NetworkStatic 8 жыл бұрын
Amazing story.
@tommyjakks
@tommyjakks 3 жыл бұрын
Guy is a legend. Period.
@anejanej517
@anejanej517 4 жыл бұрын
I mean the investors who got tens of millions probably invested hundreds of millions so they can be pretty stressed cause all that could go entirely if this prediction were to be wrong
@EdDunkle
@EdDunkle 3 жыл бұрын
You have to be wealthy -- "accredited" -- to be allowed to invest in a hedge fund. I have zero sympathy for wealthy people getting stressed by investing in funds that are by their very nature risky.
@loveforthe90s
@loveforthe90s 4 жыл бұрын
Damn Christian Bale nailed this impersonation 🤭
@steverogers7601
@steverogers7601 3 жыл бұрын
No he didn’t lmao
@awgfoiw43h
@awgfoiw43h 3 жыл бұрын
where can i find this full interview?
@ATrashStudio
@ATrashStudio 2 жыл бұрын
Just watched the big short that's dope
@qimag1
@qimag1 12 жыл бұрын
Congratulations. I would like a friend like him.
@CuriousConnoisseurs
@CuriousConnoisseurs 3 жыл бұрын
lol
@xAl3216
@xAl3216 3 жыл бұрын
So glad I randomly came across the movie The Big Short. What a great movie and I learned quite a bit about the market crash that I didn't know before. Definitely recommend to anyone who hasn't seen the movie yet to watch it. Especially with the way this world is now there's no telling when it'll happen again
@carledgardobolipata6666
@carledgardobolipata6666 Жыл бұрын
How dare you make me a lot of money! Hahahhaha😂😂😂
@funkyandbold
@funkyandbold 5 ай бұрын
Brilliant brilliant young man!!!!
@bovice1766
@bovice1766 3 жыл бұрын
85% of his portfolio is SENS now. Predicted to hit $450 by 2022
@PSXuploads
@PSXuploads 3 жыл бұрын
Any source or coming out of your ass?
@iMann_iFail
@iMann_iFail 6 жыл бұрын
You could say he has an eye for this sort of thing.
@RightSideNews
@RightSideNews 2 жыл бұрын
The folks who claim to still be upset are really just the folks who can never admit they were wrong.
@gerard4039
@gerard4039 4 жыл бұрын
This guy beat all the big banks and the government !!!! Crazy
@ZeroAnomalies
@ZeroAnomalies 3 жыл бұрын
*everyone talking about Bale and “big short”* *Me who got this randomly recommended*
@parkerwoolard6717
@parkerwoolard6717 3 жыл бұрын
I feel you. Literally now idea what is going on
@GIant864
@GIant864 12 жыл бұрын
Genius! Bet Against The Public!
@mdfaisal216
@mdfaisal216 2 жыл бұрын
real talent
@z4chstro025
@z4chstro025 3 жыл бұрын
This guy can look at all his investors and say "you're welcome"
@jaydensmith443
@jaydensmith443 4 жыл бұрын
I have no idea who he is or what he did but he seems educated
@youenjoy8468
@youenjoy8468 4 жыл бұрын
Watch the big short, very interesting stuff man...
@Thawhid
@Thawhid 4 жыл бұрын
Lol thx for recommending us something but it still dosent answer his question
@garyK.45ACP
@garyK.45ACP 4 жыл бұрын
He is an MD who is very smart and used his ability to predict the collapse of the housing market. He created an investment company and made a fortune on betting against the housing market. See the movie "The Big Short" for the details. Actually, when President Clinton signed the legislation on July 12, 1999 that allowed the kind of mortgage backed securities that caused the recession, it was entirely predictable. For some reason, George Bush gets the blame, but Clinton set the timer on the bomb. The Democrats later said the banks were greedy, but it was the Democrats who demanded the legislation to allow for the banks to be able to do this in order to offer home ownership to more people. Offering home loans to people with 550 credit scores, 125% loans, no documentation loans, variable rate mortgages was a perfect plan for disaster. I don't know if you remember "DiTech" mortgage. You could make a phone call and get a 125% home loan over the phone in a few days with no verification of income of employment. DiTech is now bankrupt.
@garyK.45ACP
@garyK.45ACP 4 жыл бұрын
@@Thawhid Lol Neither did you. You didn't even offer a movie to watch. You are a finalist to win the prize for the most useless internet comment ever. Lol.
@Thawhid
@Thawhid 4 жыл бұрын
@@garyK.45ACP are you arrogant or just delusional? Firstly I didn't even throw a dig at anyone yet your ego wants to create a YT argument. And of course Id comment because I wanted to know the answer, by leaving a comment I'll actually be notified whenever that day comes. I'm not the one making "useless" insults lol It does not take a genius to figure that out, don't be a negative clown be kind to others even if it's behind a screen bc it's not hard to be FYI ik you're trolling but grow up yea
@Phillyfan320
@Phillyfan320 11 жыл бұрын
It's not lazy, it's glass. He lost it to cancer as a kid. Just a pure genius.
@MikeAnderson-mh2og
@MikeAnderson-mh2og 6 жыл бұрын
Phillyfan320 So it's a glass eye and not a lazy eye
@thetomster7625
@thetomster7625 2 жыл бұрын
gotta say: although Christian Bale put his own drive on the guy - which obviously is a theatrical tool, to really emphasize character traits - he did amazing on this job.
@travelswithaz
@travelswithaz 3 жыл бұрын
Honestly I can understand why they’d be upset because imagine if it really did go the other way. Too much risk. But he was the one they trusted so they should have gone with his conviction and just accepted it
@NathanHarrison7
@NathanHarrison7 2 жыл бұрын
Dude’s a financial genius. Period.
@whiskey4930
@whiskey4930 7 жыл бұрын
so when we starting project mayhem?
@xilencered7788
@xilencered7788 3 жыл бұрын
Hes going nuts with gamestop shares and stock options. Been playing it too making a few bills here and there
@FalconTalk
@FalconTalk 2 жыл бұрын
His right eye is the only one that moves, fascinating stuff
@user-iy9mx4pm5z
@user-iy9mx4pm5z 6 жыл бұрын
8,4/20x(cds) = 420 mil $ bet 420*7% = 29,4 mil $ annual payments 2years *29,4 = 60 mil $
@LOWkenshin
@LOWkenshin 5 жыл бұрын
I guess you can say ... He kept his Eye on the prize 🙂
@CuriousConnoisseurs
@CuriousConnoisseurs 3 жыл бұрын
LOL
@boghan8678
@boghan8678 3 жыл бұрын
That laugh at the end
@williamcox1336
@williamcox1336 4 жыл бұрын
He didn't see that money coming.
@sourishsaha8067
@sourishsaha8067 2 жыл бұрын
The man the myth the legend. Funny how he did this 13yrs ago and the film releases 6 yrs ago and it is already happening again, with same old stupidity of the people
@alex5308
@alex5308 4 жыл бұрын
He sounds nothing like I would expect him to sound
@benserkowski4663
@benserkowski4663 3 жыл бұрын
Yeah quite high pitch for a guy that looks mainly. Kinda like Tyson voice doesn’t match how intimidating he looks in person.
@steverogers7601
@steverogers7601 3 жыл бұрын
That’s because Christian bale made him sound like a social awkward weirdo in the film.
@llampwall
@llampwall 3 жыл бұрын
Did him dirty with that thumbnail choice...
@astralplainer
@astralplainer 3 жыл бұрын
Anyone know where I can find the full 60 Minutes interview?
@Regan4491
@Regan4491 3 жыл бұрын
This guy is such a boss even when he’s looking a way he’s still looking at you
@steverogers7601
@steverogers7601 3 жыл бұрын
‘’Dumb shit young guys say’’ lmao
@Regan4491
@Regan4491 3 жыл бұрын
@@steverogers7601 what?
@ariyaikhsan1642
@ariyaikhsan1642 3 жыл бұрын
Christian Bale looks a bit different in this interview
@r0cd0x
@r0cd0x Жыл бұрын
he looked his investors in the eyes and said everything will be ok while having the other eye on the future.
@jacobbabcock8943
@jacobbabcock8943 3 жыл бұрын
nice thumbnail CBS, very cool
@ccmcdoug
@ccmcdoug 4 жыл бұрын
They picked the worst thumbnail
@Mr6Sinner
@Mr6Sinner 4 жыл бұрын
“Cha duuude” - How I see the thumbnail lol
@54superwasp38
@54superwasp38 4 жыл бұрын
Def
@flowroll777
@flowroll777 3 жыл бұрын
The editor probably lost his house in '08.
@justicewarrior9187
@justicewarrior9187 4 жыл бұрын
Dude's eye is going nuts
@mindpsychs1805
@mindpsychs1805 4 жыл бұрын
With the money he got he can have a thousand eyes. But he wouldn't do that, Michael is a guy who cares nothing about anybody. When everybody where partying fucking and roaming around he finished economics degree and MD. When everybody was doing shit jobs he was an investor. When everybody we're getting debts to buy houses, he went against the housing loans. God had to take his eyes and put it in the 🧠
@jbac5767
@jbac5767 3 жыл бұрын
Big short is an amazing movie!!!
@mayhem1974
@mayhem1974 3 жыл бұрын
He has an eye for this!
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