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“My natural state is an outsider, and no matter what group I'm in or where I am, I've always felt like I'm outside the group and I've always been analyzing the group.”
―
―
“People want an authority to tell them how to value things, but they choose this authority not based on facts or results.”
―
―
“I have always believed that a single talented analyst, working very hard, can cover an amazing amount of investment landscape, and this belief remains unchallenged in my mind.”
―
―
“I met my wife through Match.com. My profile said, 'I am a medical student with only one eye, an awkward social manner, and $145,000 in student loans.' She wrote back, 'You're just what I've been looking for.' She meant 'honest,' so let me be honest. Making money is not like what I thought it would be. This business kills the part of life that is essential, the part that has nothing to do with business. For the past two years, my insides have felt like they've been eating themselves. All the people that I respected won't talk to me anymore, except through lawyers. People want an authority to tell them how to value things, but they choose this authority not based on facts or results. They choose it because it seems authoritative and familiar. And I am not, nor ever have been, 'familiar.' So...so I have come to the sullen realization that I must close down the fund. Sincerely, Michael J. Burry, M.D.”
―
―
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