Michael Burry UCLA Commencement Speech

“As it turns out, information is not perfect, volatility does not define risk, markets are not efficient, the individual is adaptable.”  – Dr Michael Burry

What impressed me most in this speech was the fact Burry, a fundamental value investor; was talking about Soros’ Theory of Reflexivity.

For more information, Market Folly have linked Burry’s Primer on Subprime Credit.

Prometheus

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