June 22, 2013

Michael Burry’s Comeback

Michael Burry, who made his name betting against subprime mortgages and as a figure in two major books about Wall Street, is set to launch a new hedge fund.

Michael Burry closed the doors of his Scion Capital five years ago, having earned investors nearly 5 times their money. But Burry has now set up Scion Asset Management and is seeking as much as $200 million for the new vehicle. The website of his new firm is: www.scionasset.com

Santangel's Review's Steven Friedman noted that Scion Capital's Web site, which until recently simply showed historical letters and information is now redirecting web visitors to a much more professional-looking website.

According to The Wall Street Journal reports, Michael Burry hopes to rise between $100 million and $200 million for the new effort. At its peak, the old Scion Capital managed about $1 billion.

Michael Burry is founder of the Scion Capital LLC hedge fund, which he ran from 2000 until 2008, when he closed the fund to focus on his own personal investments. Author Michael Lewis profiled him in his 2010 book The Big Short: Inside the Doomsday Machine.

June 18, 2013

Michael Burry book recommendations

Michael Burry founded Scion Capital, a value-focused hedge fund which he closed in 2008 to focus on his private and personal investments. As detailed in The Greatest Trade Ever and The Big Short, Burry was one of the first to identify and profit from the subprime mortgage crisis.

Here is a list of Michael Burry recommended books:

The Intelligent Investor by Benjamin Graham and David Dodd

Common Stocks and Uncommon Profits and Other Writings by Philip Fisher

Why Stocks Go Up (and Down) by William H. Pike

Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett The World’s Most Famous Investor by Mary Buffett and David Clark

The Art of Short Selling by Kathryn Staley

The Rediscovered Benjamin Graham: Selected Writings of the Wall Street Legend by Janet Lowe

Michael Burry is founder of the Scion Capital LLC hedge fund, which he ran from 2000 until 2008, when he closed the fund to focus on his own personal investments. Author Michael Lewis profiled him in his 2010 book The Big Short: Inside the Doomsday Machine.

September 20, 2012

Michael Burry Video: Investing in Farmland, Real Estate, Gold



The Top Investments and Best Investments for 2012 Buy Stocks, Buy Shares, How to Invest - Michael Burry, the former head of Scion Capital LLC who predicted the housing market's plunge, talks with Bloomberg's Jon Erlichman about his investments in agricultural land, real estate and gold.

Michael Burry is founder of the Scion Capital LLC hedge fund, which he ran from 2000 until 2008, when he closed the fund to focus on his own personal investments. Author Michael Lewis profiled him in his 2010 book The Big Short: Inside the Doomsday Machine.