Tuesday, July 2, 2013

2013-07-02 Tuesday - Michael Burry

A recent WSJ article mentioned that Michael Burry (featured in the riveting book, "The Big Short", by Michael Lewis) is raising capital for a new fund.

"In 2004, Burry spotted problems in the subprime mortgage market and, like the hedge-fund titan John Paulson, figured out a way to bet against subprime mortgages by using credit-default swaps"

I found this to be noteworthy, given what I understood to be his previous distaste for the experience of managing other people's money.

I am intrigued by the question of what particular "problem" he may now be focusing his considerable analytical talents upon.

One $441 Trillion possibility?:
Global OTC derivatives market, Interest rate [Forwards and swaps + Options]

source: http://www.bis.org/publ/qtrpdf/r_qs1306.pdf


A $72.8 Trillion Possibility?

You may also be interested in this talk that he gave:

Dr. Michael J. Burry at UCLA Economics Commencement 2012