4 ms·
A lot of people are suggesting that it was immoral of Burry to profit from his insight instead of warning people of the impending calamity, yet what message spe
by delackner 17y ago
A lot of people are suggesting that it was immoral of Burry to profit from his insight instead of warning people of the impending calamity, yet what message speaks more forcefully? Saying you think the market is going to implode, vs. paying millions of dollars to insure specifically against that happening?
No one would have listened to his warning, and indeed his investors didn't like hearing it. Burry is not the bad guy in this epic catastrophe.
- Retric 17y agoAlso he was not exactly an outsider: In early 2004 a 32-year-old stock-market investor and hedge-fund manager, Michael Burry For everyone that lost big in the collapse someone made out like a bandit beforek, durring, or after it.
- OmniLarry 17y agoNot exactly an insider either - raising money for his hedge fund as a doctor with a blog.
- yummyfajitas 17y agoInstead of profiting off people suffering from bad investments in housing, Burry should have stuck with his career in neurology and profited off people suffering from brain cancer.
- delackner 17y agoIn the article he described in several ways how he had no real interest in medicine, just drifting into it because it seemed easy to study, and was physically repelled by the sight of people being operated on. This is not the kind of person you want operating on you.
- yummyfajitas 17y agohttp://en.wikipedia.org/wiki/Sarcasm http://en.wikipedia.org/wiki/Sarcasm