Michael Burry Net Worth = $300 Million
Michael Burry is a famous American physician, hedge fund manager, and investor. He’s best known for his top-notch investment approaches and as the founder of Scion Capital. Michael James Burry was born on June 19, 1971, in San Jose, California, USA.
He went to Santa Teresa High School, the University of California, and Vanderbilt University. Initially, Michael worked as a neurology resident at Stanford University. He later ended his medical career and started his hedge fund. In 2000, Burry started Scion Capital using his savings and loans from his family members.
His company grew tremendously, and he was managing over $ 600 million in 2004. Many people respect Burry for earning his investors over $700 million after predicting the fall of the subprime mortgage practice in 2007.
The self-made millionaire has a net worth of $300 million as of 2021.
Full Name | Source of Wealth | Known for | Birth Info |
|---|---|---|---|
Michael James Burry | Physician, hedge fund manager, and investor | His top-notch investment approaches and founder of Scion Capital | San Jose, California, USA 1971 |
Quotes - Michael Burry Net Worth and Key Habits
“I also immediately internalized the idea that no school could teach someone how to be a great investor.”
- Michael Burry
“I started trading stocks, options, and futures while I was at UCLA, using my earnings from working summers at the old IBM plant on Cottle Road.”
- Michael Burry
“If you are going to be a great investor, you have to fit the style to who you are.”
- Michael Burry
“My positioning with my investors was always, I need three to five years.”
- Michael Burry
“I try to buy shares of unpopular companies when they look like road kill and sell them when they've been polished up a bit.”
- Michael Burry
“Read every line item until you get it.”
- Michael Burry
“One of the risks for anybody in the lending business is that being conservative can harm your competitiveness.”
- Michael Burry
“Everything I do in investment is just very different.”
- Michael Burry
“I don't believe anything unless I understand it inside out.”
- Michael Burry
“My natural state is an outsider, and no matter what group I'm in or where I am. Yeah, I've always felt like I'm outside the group, and I've always been analyzing the group.”
- Michael Burry
“Lost dollars are simply harder to replace than gained dollars are to lose.”
Michael Burry Net Worth and Key Habits
Habits #1- Develop A Culture Of Saving And Investing
According to Michael Burry, you should develop a culture of saving and investing your money to accumulate wealth. He’s on record for saying, “I started trading stocks, options, and futures while I was at UCLA, using my earnings from working summers at the old IBM plant on Cottle Road.” Little by little, Burry has managed to grow his investments to the tune of millions.
You can never become a millionaire if you spend all your earnings to pay bills. Therefore, you should develop a culture of investing some of your earnings to make more money. Most importantly, you should start investing as early as possible if you want to make huge returns.
You can never become a millionaire if you spend all your earnings to pay bills. Therefore, you should develop a culture of investing some of your earnings to make more money.
Habits #2- Keep Trying Different Business Approaches
Market trends and customers’ expectations change over time. Therefore, you should keep trying new business approaches if you want to be successful. Michael Burry once said, “Everything I do in investment is just very different.” He believes that he couldn’t be where he’s today if he relied on one business approach.
You can never go wrong in your business if you keep trying different approaches. If one strategy doesn’t work for you, you should try another until you achieve the desired results. In addition, you can easily beat competitors if you change business approaches regularly.
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You can never go wrong in your business if you keep trying different approaches. If one strategy doesn’t work for you, you should try another until you achieve the desired results.
Habits #3- Spend And Invest Your Money Wisely
It’s challenging to make money than to lose it or spend it. Sadly, it’s even harder to recover your money once you lose it or spend it. According to Michael Burry, “Lost dollars are simply harder to replace than gained dollars are to lose.” That’s why the renowned investor spends his hard-earned money wisely to avoid losing it.
You should be very careful about how you spend or invest your money. If you misuse your money, you’ll eventually become a poor person. Similarly, you’re likely to lose your money if you don’t invest it wisely. Always do a thorough market study and invest your money in projects that you’re reasonably sure you won’t lose your money.
You should be very careful about how you spend or invest your money. If you misuse your money, you’ll eventually become a poor person.
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