Friday, April 15, 2011

Video looking back at the events leading up to the 2008 crisis by Michael Burry

Remember Michael Burry?  The Doctor/Investor made famous in the Big Short for seeing the mortgage/debt/real estate problems before others.  Here is a reference to him on NPR.

He recently spoke at Vandebilt.  Highly recommend it!

I particularly like the use of "teaser rate" as opposed to just "adjustable rate" mortgages.

HT to Simoleon Sense and ValueInvestingWorld.  Highly recommend.

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