This article is about Michael Burry, a famous investor who made a lot of money during the 2008 financial crisis. He started a company called Scion Capital LLC, which did really well in its first year.
Michael Burry is also a doctor who gained fame for his successful prediction and capitalization of the subprime mortgage crisis. His story was told in the movie The Big Short.
This article will provide an overview of Michael Burry’s wife, and share interesting facts about her life and their relationship. Get ready to discover everything you’ve always wanted to know about the amazing woman behind the scenes.
Michael Burry, the famous investor, is happily married to his wife, Cassandra Burry, who has Vietnamese-American heritage. Together, they reside in Saratoga, California, nestled within the vibrant Silicon Valley.
Cassandra and Michael crossed paths during his time as a student at UCLA, where they first encountered each other. Throughout their journey together, she has stood by his side, supporting his unconventional career choices and investment decisions.
Michael J. Burry was born on June 19, 1971, in San Jose, California. At the age of two, he lost his left eye due to retinoblastoma, a type of eye cancer, which led him to wear a prosthetic eye throughout his life.
During his formative years, Michael exhibited a focused and intense interest in specific subjects, displaying characteristics of autism, albeit in a mild form. This trait contributed to his introverted nature and an ability to concentrate deeply when studying complex topics. He attended Santa Teresa High School before pursuing an economics degree at the University of California.
Following his undergraduate studies, Burry decided to pursue a career in medicine. Michael earned a Master of Science from Vanderbilt University School of Medicine. He did not complete his neurology residency at Stanford University Medical Center. Michael maintained an active license with the Medical Board of California while practicing medicine. However, his interest in finance prompted him to pursue a career in investments. In 2000, he founded Scion Capital LLC, which became the primary source of his net worth.
Michael Burry is well-known for his unique way of investing. He looks for companies that others might not appreciate or understand, but that he believes are worth more than what they are currently valued at. He does this by following the ideas laid out by Benjamin Graham and David Dodd in their book called Security Analysis.
Burry’s strategy involves a mix of long-term investments, short selling (which means betting that a stock will go down), and using options and swaps to manage risk and potentially make more money. He carefully studies companies to find ones that other investors might have missed or undervalued. Then he makes smart decisions about where to invest his money.
Burry pays close attention to a company’s basic financials and how well it competes with others in its industry. This helps him find investment opportunities that other people might not see.
His approach to investing has made him famous in the financial world. By being very careful and going against what other people think, he has been able to find value in places that others overlooked. This has been a key part of his success as an investor.
Michael Burry, the well-known financial figure, uses his wife’s name as his username on Twitter. He frequently shares tweets about frightening financial topics, but he consistently removes them and temporarily disables his account for several weeks before returning.
On Twitter, Michael Burry actively engages with users, expressing his thoughts and insights on a range of subjects including investing, economics, politics, culture, and health. You can find him on Twitter by searching for the handle @michaeljburry. With over 1.4 million followers as of August 2023, his influence on the platform is evident. However, it is worth noting that Twitter has previously suspended his account for a limited time due to rule or policy violations.
Michael Burry is renowned for his remarkable prescience of major financial occurrences, like the subprime mortgage crisis of 2007-2010.His choices in stocks have led to significant gains, capturing the attention of well-known investors like Vanguard and White Mountains Insurance Group.
In 2020, Burry accurately predicted that the value of Tesla’s stock would decrease after it exceeded Facebook’s market worth. He made a wise decision to invest in “puts,” a type of financial contract, for over 800,000 shares of Tesla.By 2021, Burry’s investments in the ARKK ETF Innovation Index, managed by Ark Invest, had an estimated value of $31 million.
Michael Burry’s estimated net worth is approximately $300 million as of 2023.
He built his wealth through his hedge fund, Scion Capital, which he founded in 2000 with a small inheritance and family loans. He identified and bet against the housing bubble and subprime mortgage market, resulting in remarkable returns for his investors. From his short positions, Burry personally earned $100 million and generated a staggering $700 million for his investors.
In 2008, Burry shut down Scion Capital to focus on his own investments. Five years later, in 2013, he reopened it as Scion Asset Management.
Burry is known for diversifying his investments across various sectors, including water, biotechnology, gold, and cryptocurrencies.
Michael Burry’s wife, Cassandra Burry, has been a supportive partner throughout his successful and unconventional career as an investor. Together, the couple resides in Saratoga, California, and Michael actively engages with users on Twitter under his wife’s name.
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