Michael Burry
| Michael Burry | |
|---|---|
| Born |
June 19, 1971 New York, New York, U.S. |
| Residence | Saratoga, California, U.S. |
| Alma mater |
University of California, Los Angeles Vanderbilt University |
| Occupation |
|
| Known for | Shorting the 2007 mortgage bond market by swapping collateralized debt obligations (CDOs) |
Michael J. Burry (born June 19, 1971) is an American physician, investor, and hedge fund manager. He was the founder of the hedge fund Scion Capital, which he ran from 2000 until 2008, and then closed to focus on his own personal investments. Burry was one of the first investors to recognize and profit from the impending subprime mortgage crisis.
Burry was born in 1971 and attended Santa Teresa High School in San Jose, California. He attended the University of California, Los Angeles (UCLA) for his undergraduate education in economics and pre-med studies. He graduated from Vanderbilt University School of Medicine and did his residency in neurology at Stanford Hospital and Clinics. While off duty at night, he worked on his hobby, financial investing. On one occasion, Burry had been working so hard studying both for medical school and his personal financial interests that he fell asleep standing up during a complicated surgery and crashed into the oxygen tent that had been built around the patient. As a result, he was thrown out of the operating room by the lead surgeon.
Burry left work as a Stanford Hospital neurology resident to start his own hedge fund. He had already developed a reputation as an investor by demonstrating success in "value investing," which he wrote about on message boards on the stock discussion site Silicon Investor beginning in 1996. He was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt.
...
Wikipedia