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another 30 days late LTV 95 LTV 90 they caught up on their 60 days late LTV 10 I've never heard of that 30 days late rated seven rated just Jesus you likely know Michael bur as the hedge fund manager featured in The Big Short movie played by Christian Bale bur gained recognition by making bold calculated Moves Like Short the housing market and earning a $100 million for himself and 700 million for his investors through credit default swaps so how did bury predict the huge housing crisis before almost all the Wall Street Hot Shots let's take an inside look at the simple rules that guide bur's game-changing Market decisions I caught up the prospectuses and I read the prospectuses and I looked at these polls I could see the credit standards Within These polls deteriorating just quarter to quarter first how could you tell that there was essentially crappier mortgages being put into these pools and it didn't seem investors seem to care and it didn't seem the ratings agencies seem to care when regular investors were going crazy over internet stocks in the 1990s doom boom bur focused on regular companies without a lot of hype that were still making solid profits so the question is how does Michael bur evaluate his Investments when looking at possible Investments bur does very detailed Financial research he hunts for good companies that most other investors are ignoring or have the wrong idea about driving most of Barry's big winners for example by really digging into the shaky finances behind mortgage bonds he saw problems in housing way before Wall Street burry has a talent for spotting risks that everyone else is missing when prices get out of whack it takes patience and an independent view but for Buri finding mistakes creates huge opportunities the housing market is propped up on these bad loans I it's a time bomb and I want to short it through what instrument Michael there are no insurance contracts or options for mortgage bonds the bonds are too stable orange this is what I'm going to do I am going to get a bank to make me one and then I'm going to buy it while no investment strategy works 100% of the time some of Michael Buy's most famous contrarian stop picks include investing in GameStop in 2019 at $356 per share buying over3 million shares by 2021 this just over $10 million skyrocketed to over 271 million as the video game retailer became a meme stock darling even when others are fearful burry stays calm and sticks to his own analysis while day-to-day stock moves don't matter much to him bur thinks long-term about earnings potential years ahead looking at where Industries are heading is key in his view his farms and water investments for example show this big picture perspective which we will go to in just a moment at the same time brry is very careful about balancing risk and reward his specialized use of credit defa swaps in 2008 shows his calculated thinking limit risk but keep potential gains open brry gets that markets are volatile and keeps risks in Focus now brry has a number of core investment rules that we could potentially follow value investing is at the heart of bur Style finding Overlook stocks trading cheap compared to what he sees as their real long-term value but careful risk management also balances possible gains versus losses Barry knows balancing risk and reward is key in investing gains don't come free for example when positioning short against housing he initially took a very small position bar slowly increased his trade to $1.3 billion as more evidence appeared minimizing early money at risk no matter the investment type he carefully sizes each trade based on his risk assessment rather than rely on Wall Street research reports bu does his own deep analysis to guide his decisions ignoring Market noise and short-term arguments keeps his focus on reality Barry wants a Stock's price to be far under what he calculates as fair value this Gap acts as a cushion in case surprises pop up bur steers clear of overhyped stocks lacking strong fundamentals he focuses on companies with real value and concrete financials not those with flashy stories fueled by speculation we've talked about bur's early staken GameStop that later skyrocketed in value now let's look at other examples showing his Unique Style bu's most famous trade involves shorting the overvalued housing bubble before the 2008 crash by selling mortgage assets he didn't own planning them to repurchase later at lower costs bur profited enormously when housing collapsed his digging into mortgage data to identify problems and willingness to make a contrarian core quite frankly sets him apart the key factors that led to the movie after 2008 bur started investing more in smaller Japanese companies that most investors especially foreign ones tended to overlook look even though the Japanese stock market has been struggling for years Berry sore recovery potential ahead one of bur's most unique plays has involved investing in water related assets he recognizes that water would become more scarce and valuable over time as populations grew so he invested in farms loaded with water axes and companies focused on water utilities for example he bought almond farms in drought prone California calculating that waterd properties would Thrive as the resource becomes more precious but you can't win a more burry bore shares of Taylor brands for example the company behind Men's Warehouse in 2018 he was expecting a turnaround but the stock kept ascending as Taylor Brands faced heavy losses in 2020 due to covid which severely impacted clothing retail and in August 2020 the company filed for chapter 11 bankruptcy protection as it could couldn't pay its debt so Barry's investment resulted in a 100% loss the shares became worthless when Taylor Brands declared bopsy now this demonstrates that even leading investors like bur make poor decisions on occasion emphasizing why diversifying across multiple Investments is crucial for everyone now in the technology Arena Barry made large investments in Google and Facebook back in 2018 as well though the exact returns are unknown the move aligned with the strategy of investing in companies with strong track records alongside future potential techers kept evolving at lightning speed since then and the price has gone up with it so very likely saw really good upside lately Michael Barry has been making warnings about what he calls risky markets which we'll get to in just a moment but where has he invested his money that he believes can perform despite challeng es ahead well let's look at his top positions for Clues his largest investment by far is automaker stantis allocating nearly 20% of his portfolio here this giant Company formed in 2021 when Fiat Chrysler and Puro merged together with high gas prices and more electric vehicles coming bu made a major investment based on his analysis that car sales will keep going strong his next major investment is nextar Media Group the largest owner of local US television stations perhaps Berry believes local news and entertainment maintains an audience despite streaming gains political advertising money for the elections probably helps profits too in the short term nearly 20% of bur's portfolio went towards Chinese online shopping Giants Alibaba and jd.com now despite China's economic struggles lately Barry believes these vital e-commerce firms remain essential and merge healthier long-term classic contrarian starts finally bury holds office space Investment Trust Hudson Pacific I'm really surprised by this because remote work is draining many offices but he thinks that premium spots in coastal cities near big Tech can cope better in his point of view so he focuses investment on those locations well Michael Barry has an ability to spot the next big Tech winers early like investing in Google before it was huge in the mid 2000s but now he's warning investors about crypto and AI getting overhyped Barry thinks that recent crypto craze and AI marketing hype have created speculative bubbles similar to The Dot years in the90s so for example after the stunning collapse of the $ 32 billion crypto exchange FTX in late 2022 due to risky leverage and lending exposures Barry noted issues around lack of account accountability and absurd valuations detached from reality in crypto markets he feels that Bitcoin blockchain and AI systems are still unproven and overvalued despite big promises now we have obviously done extremely well investing heavily in cryptos and I have personally made Millions already on crypto wins and expect my portfolio to continue skyrocketing however bur's talent for finding good Tech Bargains after past bubble's pop suggests he may take advantage if crypto AI fall back down from unsustainable levels due to weaken speculation since he has identified promising tech companies when value drops after hype Fades burri could invest profitably again if crypto or AI hype customers begin losing faith which personally I don't see happening his history of targeting overlooked Tech Ventures when a frenzy ends May benefit him once more while risk management is crucial in investing we would argue that assets like cryptocurrencies and AI stocks still have major potential if invested strategically unlike bu we remain very bullish on the prospect of crypto transforming finance and AI driving growth personally I believe anything without a solid strategy carries Risk by taking a diversified approach following the data and sticking to budgets cryptocurrencies and AI can thrive in a portfolio we've seen firsthand how cryptos can deliver outsized returns and AI feels inevitable given rapid Tech shifts however no investor gets it right all the time for the last few months bur made multiple short positions based on his prediction that the stock market would crash in 2024 for example he spent Millions paying for options that profit if the S&P 500 and Tesla shares sink lower but later in a tweet burry said no one knows when these things will unravel just that they will so although famous warnings can give caution even skillful investors cannot always predict the timing of crashes accurately in fact nobody can instead it's better for individuals to spread Investments across assets risk levels and time frames that way your portfolio stays protected whenever the next Market drop lands so what's the most important investing lesson you learned from Michael bur comment below and let us know
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