YankeeVol
Let's Geaux Peay
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Burry I think is by far the least interesting and least correct figure to come out of The Big Short, yet he has the biggest following. He got incredibly lucky with his timing on that trade because he risk managed it horribly. If the MBS he shorted rolled over about 6 months later than it did, he would have been bankrupted. And as you said, he's been wrong with basically every doomer prediction he's made since. I think he got lucky, IMO.Burry has called 8 out of the last 2 crashes
I wasn't a big fan of the movie The Big Short. I think HBO's Too Big To Fail with Paul Giamatti is a far better movie and does a better job of explaining the major factors of the crash.Burry I think is by far the least interesting and least correct figure to come out of The Big Short, yet he has the biggest following. He got incredibly lucky with his timing on that trade because he risk managed it horribly. If the MBS he shorted rolled over about 6 months later than it did, he would have been bankrupted. And as you said, he's been wrong with basically every doomer prediction he's made since. I think he got lucky, IMO.
The most interesting and smartest guy from that film is Eisman (Steve Carell's character). His podcast is pretty good, no frills. And isn't a permabear.
I thought it was a great movie personally, although IMO the best movie about the financial crisis was one that didn't get much fanfare despite its great cast, which was Margin Call. In fact if someone came up to me and asked what they could watch to get a good understanding of GFC, I'd tell them to watch all 3 of the movies we've just mentioned. Each one tells the story from a different perspective (and The Big Short tells it from 3 different perspectives itself).I wasn't a big fan of the movie The Big Short. I think HBO's Too Big To Fail with Paul Giamatti is a far better movie and does a better job of explaining the major factors of the crash.
I also agree with your comments about Burry.
I liked all three of them. All great casts. You’re right, Margin Call was fantastic.I thought it was a great movie personally, although IMO the best movie about the financial crisis was one that didn't get much fanfare despite its great cast, which was Margin Call. In fact if someone came up to me and asked what they could watch to get a good understanding of GFC, I'd tell them to watch all 3 of the movies we've just mentioned. Each one tells the story from a different perspective (and The Big Short tells it from 3 different perspectives itself).
Burry isn’t the only one, but I don’t pay him much attention. Quite a few I think are more pragmatic (Ray Dalio, for example) are pointing to conditions and indicators that mirror 2001 and 08/09. There’s concern, but I don’t think these guys are panicking, but probably positioning.Just saw that the broken record of Burry calling an imminent stock market crash is back in the news again this morning.
