Monday, April 5, 2010

The Big Short -- I Like Michael Burry as Portrayed

(c) 2010 F. Bruce Abel


OK, I read the clip from The Big Short which focused on Michael Burry. I like Burry. So this raises the question Do we have a financial system which can be destroyed by one nice guy who comes up with one good idea to make money?

What I like is that one man, sitting alone reading 10K's, can come up with powerful ideas for investing. That's what I used to like to do! (Up to a point; that's like saying I used to like searching titles at the Hamilton County Courthouse, ecch!) And that one man, putting his stock ideas out there on the internet, becomes followed by Wall Street money managers who, unknown to Michael Burry, are making money on his stock ideas.

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