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Saturday, April 16, 2011

Michael Burry on the financial crisis

Burry says, “No one is accepting blame for financial collapse.”

An excellent summary of events leading to the financial crises ....and his view of the future is pretty bleak.  (31 minutes)

Interesting guy, a neurosurgeon (diagnosed with Asperger syndrome) who gave up practice and started his own hedge fund.   Cashed out with personal windfall of $100M in 2008 and now invests in California almond farms (something having to do with water rights). If you listen to one video on this subject, this is it. We should try to play this at one of our meetings.

(from Al Ventoso)

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