저자: MichaelBurry · 외국인
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결론: 마이클 버리는 패시브 지수 투자 확대가 버블을 만들고 있어 시장 폭락 가능성이 있다고 보며, 낙폭 큰 소형주 위주로 포트폴리오를 구성했다. 버리의 주장: 패시브 투자가 주식·채권 가격을 부풀리는 구조가 10여 년 전 서브프라임 부채담보부증권(CDO)과 유사하다고 봄. 포트폴리오 구성(10개 종목 비중): 쿼보(QRVO) 13%, 잭인더박스(JACK) 12.2%, 게임스탑(GME) 12.2%, 페이스북(FB) 11.7%, 맥사테크놀로지(MAXR) 11.2%, 보잉(BA) 10.4%, 테일러드브랜즈(TLRD) 8.1%, 디스커버리(DISCA) 7.9%, 마이클스(MIK) 6.1%, 라스베이거스샌즈(LVS) 3.4%. 매수 근거 수치: 잭인더박스 2020년 3월 급락 시 약 79% 하락 후 1,050만 달러 매수, 이후 회복세. 게임스탑은 2013년 대비 약 90% 하락, 재무상태 양호하다고 평가. 페이스북은 3월 폭락 시 1,000만 달러 매수, 시가총액 약 6,800억 달러. 맥사는 90% 이상 급락. 보잉은 344달러에서 100달러대로 하락 시 약 900만 달러 매수. 테일러드브랜즈는 2015년 고점 65달러 대비 90% 이상 하락. 디스커버리는 3월 44% 하락 시 680만 달러 매수. 마이클스는 3월 폭락 시 520만 달러 매수 후 주가 2배 이상 상승. 라스베이거스샌즈는 시총 약 360억 달러, 배당수익률 6.7%. 투자 패턴: 가격이 크게 훼손된 기업을 선호하며, 주로 소형주에서 기회를 찾는다. 리스크/조건: 패시브 투자 버블에 대한 경고는 장기적 견해이며, 영상은 구체적 단기 시장 방향 예측을 제시하지 않음. 2020년 6월 시점 영상으로 현재 시세와 무관.
다듬은 글
Michael burry he is the guy from the movie the big short who predicted the financial crisis in 2008 when the bubble popped back then he made millions of dollars from his prediction in late 2019 Michael burry made a new startling prediction he predicted that passive index fund investing was creating a bubble and a stock market crash was likely to occur he said that passive investments are inflating stock and bond prices in a similar way that collateralized debt obligations did for subprime mortgages more than 10 years ago now the question becomes how is Michael burry investing in this distorted stock market so that his portfolio is protected from any potential upcoming market crash well that's exactly what we're going to cover in this video at the moment burry only owns 10 stocks in his portfolio the first stock Michael burry owns is cuarto incorporated ticker qrv o and that represents 13 percent of his portfolio war vu is a semiconductor company that designs and manufactures radiofrequency systems for wireless and broadband communications the company has a market cap of about 13 billion dollars since the creation of the company back in 2015 the stock has done relatively well the second stock is jackin the-box ticker J ACK and that represents 12.2% of barrese portfolio jack-in-the-box is a fast food restaurant chain founded in 1951 the chain currently has 2,200 locations the company has a market cap of about 1.6 billion dollars during the crash that happened in March of this year Jack stock went down by more than 79 percent and that was when Michael burry bought 10.5 million dollars worth of the stock since then the stock has been recovering pretty nicely the fruit stock is gamestop dicker GM in at about twelve point two percent of Boreas portfolio this is a gaming and electronics retail company they have 5,500 retail stores throughout the United States Canada Australia New Zealand and Europe gaming and electronics is a growing industry however gamestop stock has not been doing well at all the stock has dropped ninety percent from where it was back in 2013 this big collapse is the reason why Michael burry chose to buy into Game Stop he sees value and a cheap price bori says that game stops balance sheet is actually in very good shape and future cash flow would justify a much higher share price stock number four is Facebook ticker FB and that represents 11.7% of borås portfolio Facebook is a social media corporation that currently has a market cap of six hundred and eighty billion dollars back in March when stocks crashed bori bought ten million dollars worth of Facebook stock stock number five is max our technology's ticker in a XR at about eleven point two percent of borås portfolio max our technologies is a space technology company specializing in manufacturing satellites and related services the stock has collapsed recently by more than 90 percent brewery sees value here and a cheap price so he buys stock number six is the Boeing Company ticker ba and that represents ten point four scent of Boras portfolio Bowen is a multinational corporation that manufactures and sells airplanes in the second quarter of this year bori bought about nine million dollars worth of Bowen when the stock dropped from three hundred and forty four dollars to the $100 range stock number seven is tailored brands sticker TL Rd at about eight point one percent of breweries portfolio tailored brands is a us-based retail holding company for various men's apparel stores including the Men's Wearhouse and Joe's a bank brands they offer things like suits business casual wear dress shirts sportswear and choose today they have over 1400 locations that sells these types of items however just like Gamestop and Max are this stock has been absolutely pummeled over the past couple of years it's actually down over 90% since its highs in 2015 of $65 per share and this is the time when Borya likes to come in and snap up shares when they are cheap stock number eight is discovery ticker di SCA and that represents 7.9 percent of barrese portfolio the company operates a group of television brands such as the Discovery Channel Animal Planet Science Channel and TLC in 2018 the company acquired Scripps Networks interactive ad networks such as Food Network HGTV and Travel Channel to its portfolio this is a stock that Michael burry invested 6.8 million dollars in after the recent crash in March of 2020 when the stock dropped 44% stock number nine is the Michael's come Panisse ticker mi k at about 6.1 percent of borås portfolio the michaels companies is North America's largest provider of arts crafts farming floral and wall decor the Michael's companies owns and operates more than 1250 Michael's flagship stores back in March when stocks crashed burry bought 5.2 million dollars worth of the Michael's company's stock since then the stock has more than doubled in price the last stock in Michael Murray's portfolio is Las Vegas and ticker LVS at about 3.4 percent of the portfolio Las Vegas Sands is a casino and resort company that operates in the United States and Asia the company trades currently at a market cap of 36 billion dollars and pays a juicy dividend of 6.7% bori looks at this and sees a solid company that has been hurt by the global pandemic so he takes advantage of the situation and buys so essentially there are two key patterns that you should note down with Michael Murray's portfolio first he likes the companies that have been badly beaten in terms of price second he mostly targets the smaller cap companies because that's where there are a lot of opportunities
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