17 Burst results for "Michael Burry"

"michael burry" Discussed on CNBC's Fast Money

CNBC's Fast Money

04:03 min | 2 weeks ago

"michael burry" Discussed on CNBC's Fast Money

"Right, coming up. A major roadblock for Tesla shares continue to slide the stock dropping nearly 12% today. So is the worst over. The traders break down the move next plus Disney earnings on deck, so will there be a bit of magic in this report? We're breaking down what options traders are seeing. Fast money's back in two. Welcome back to fast money. Check out shares of Tesla syncing nearly 12% today. It's worse day since September 2020. The stock is down 16% since Elon Musk asked the twitterverse over the weekend. If he should sell a tenth of his stock, news today that Kimball mosque's brother also filed to sell shares the day before, that's Twitter poll. So Karen, I'm just wondering, there's a lot of things swirling around this one. What do you make of this continuing move lower? Well, the Michael Burry thing was interesting as well. I guess, you know, wondering if this was necessary sales versus a margin loan also Musk brings up himself the idea of taxes and is he going to have to pay taxes and so he's got to doesn't have liquidity other than stock. So he's got to sell. I don't really think of it as the stock also has run up a lot. I think to me, it was more about taxes and wanting to make that statement, but and it being worth that much money, whatever it is, $300 billion. So I don't know. I don't think it's I don't think it's his commentary on Tesla's not going gangbusters. Maybe it's his commentary and valuation, but his guy always likes to point out, I think he said it was overvalued at 400. Something like that. That's true, too, but I mean, what Elon Musk is maybe thinking about in terms of tax bills and taxes possibly going up next year and where the markets are, I mean, this could be a statement or interpret it as a statement on markets in general in valuations and where we're going in terms of tax policy as a nation next year, Dan. It could. I think it's total BS Bill. I mean, think about this. This stock. No, this stock lost a $150 billion in market cap because he decided to send a tweet out to his 63 million followers and see whether or not he should sell stock for whatever reason. And you know, that's just not cool. It's just not, because you know what? We've been talking about on this show. This company was literally he had handshake deals on three times over the last ten years to sell this company because in two instances they couldn't make payroll. So they should have been selling stock. Not worried about his personal tax bill and then put money on their balance sheet. So that they can survive the next crisis that they have. And here's the other thing in a week we just started the show talking about rivian maybe having a 60 70 $80 billion market cap. Don't you think that would have been good for Tesla's valuation? A good reflection, except for the fact now the stock's down 17% this week because of his tweet. So to me, not cool. Coming up. Wait, wait, can I respond to that? Okay. You have respond Karen. Very quick. 8 times they have sold equity and they've sold converts. So it's not like they haven't tapped the markets. I think they've done a great job. The company I'm talking about Tapping the market. Right now. Okay, I understand. Can I also insert one more thing? And then I end the producer Michael port Michael's, but if there is a tax on unrealized gains, imagine what CEOs and directors and people who own massive shares of companies will do when they have to pay that tax bill, too, because a lot of them are cash poor, but actually rich because of their assets. And so if you think that's not cool, this could happen, this thing that's not cool could be magnified across the market here. Dan, I don't know if that was your thing. It's not cool. I'll bet you my Ford Mustang Mach-E. There's never going to be a tax on unrealized capital. I know that's probably not going to happen, but just saying, all right, coming up, Disney on tech, the media giant.

Tesla Elon Musk Kimball mosque Michael Burry Karen Musk Disney Twitter Dan Michael port Michael CEOs Mustang Ford
"michael burry" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:35 min | 2 weeks ago

"michael burry" Discussed on Bloomberg Radio New York

"A Bloomberg business lash Stocks have halted the longest rally since 20 17s in the major indexes lower from all time highs as treasury surged The S&P is down for the first time in 9 sessions led by a drop at financial shares that came under pressure as the ten year yield slumped to its lowest level in 6 weeks Tesla sank as much as 11% after a tweet by investor Michael Burry PayPal Holdings fell after its guidance disappointed and GE went up after saying it will split into three companies Global equities are hovering near all time lie highs as investors weigh strong earnings easing travel curves and U.S. infrastructure spending against the risk of persistent inflation Gregory daco Oxford economics tells Bloomberg yes the U.S. is living in a time of rising prices But that's not all that's going up One of the interesting facets of this cycle is that we've actually seen not just an increase in wage growth but also a broadening of wage growth There's about 40% of jobs out there that have seen over the past 6 months average monthly increases of 0.5% That's very strong That's much higher than the 10% share that we saw pre COVID So we have seen a broadening of wage growth Let's check the markets now The S&P is down a half a percent down 25 The downs down 6 tenths of a percent down 212 and the NASDAQ's down 7 tenths of a percent down a 112 The ten year is up 1830 seconds the yield 1.42% West Texas intermediate crude oil is up 2.2% at 83.

Bloomberg business lash Stocks Michael Burry PayPal Holdings Gregory daco Tesla GE U.S. S Bloomberg Oxford West Texas
"michael burry" Discussed on The Breakdown with NLW

The Breakdown with NLW

04:07 min | 3 months ago

"michael burry" Discussed on The Breakdown with NLW

"Support technology innovation in the public markets through actively managed e. t. apps in the seven years since founding. Kathy has been through it as i mentioned. She has been one of the most ardent supporters of ilan through thick and thin in february twenty eighteen. She told cnbc that tesla could grow around eleven hundred percent from its price at that time to reach a price of four k. Per share within five years people chuckled and chuckled. Harder when she doubled down a year later on that prediction after tesla had dropped twenty nine percent however two years on from that in january twenty twenty. One tesla hit that target on a split adjusted basis overall. Twenty twenty was the breakout year for wood and her arc funds. They started the year with around three billion dollars in assets under management and by the end of the year their flagship innovation. Etf alone had become the world's largest actively managed etf with seventeen billion dollars in assets under management and a one hundred and seventy percent return that year overall the firm now manages over fifty billion dollars in assets under management spread across its etf's. They've also continued their engagement in bitcoin. Crypto adjacent things. They've gobbled coin base and robin hood stock this year. For example contra the markets they've also co hosted with square the b word event for institutional investors to learn about bitcoin where elon. Musk declare detente more or less with the bitcoin community. What's more arc has been interesting to watch as sort of macro reference point for the crypto markets if you look at just that flagship innovation. Etf arc peaked in feb and then came down throughout march april and may before coming back up again in june to july and staying somewhat range-bound for the last month or so. What has been shifting throughout that time is people's beliefs and expectations about the future of monetary policy that i like down for arc was characterized by a larger market shift in expectations. The economy was starting to heat up. Inflation was going up and despite assurances that the fed was going to keep the gas flowing when it came to asset purchases and zero interest rates markets. Were getting more convinced that inflation would force their hand in the scenario where the fed did have to hike rates the first thing that would be hit or risk stock valuations since then the mackerel. Landscape has gotten a lot more blurry delta variant has confused things certain economic indicators are weaker than expected like the one point one percent drop in retail sales in july that we learned about today and in general. There's just a lot of debate about what happens.

tesla cnbc Kathy robin hood elon Musk fed
"michael burry" Discussed on The Breakdown with NLW

The Breakdown with NLW

05:22 min | 3 months ago

"michael burry" Discussed on The Breakdown with NLW

"What's going on guys. It is tuesday august seventeenth. And i have sort of a fun one for you today. So one of the things that makes being in market so fascinating and just more enjoyable in many ways is that unlike in say politics when people have disagreements. there is actually a way to tell who's right ultimately it's the market. The market will at some point demonstrate who is correct. And who isn't right now. There is a delightful disagreement going on between two figures who loom large in the markets imagination. The champion of disruptive innovation herself. Kathy would on the one hand and michael berry on the other who you might recognize as the main character in the big short. the reason. It's interesting isn't that it's just too big personalities going head to head instead it reveals quite a bit about the very different expectations. People have about inflation growth and what happens next in markets. Let's start with michael berry first. A little background on berry for those of you who might not know. He's best known in pop culture as the main subject of michael lewis's book the big short and the movie of the same name he was the guy played by christian. Bale burry ran a hedge. Fund called silent capital that he started in two thousand with inheritance. Money and loans from family right from the beginning. You'll see a common thread which is berry building his whole career in betting on bubbles when he started cy on in two thousand he immediately started shorting internet stocks. Which as we know the world would soon come to see his highly overvalued in two thousand one the s&p five hundred fell around twelve percent while syon was up. Fifty five percent in two thousand and two the s&p five hundred was down another twenty two point one percent while cy on was up sixteen percent in two thousand and three the market turned around and rose twenty eight point six nine percent but berry beat it again up fifty percent. This was enough for investors to know that something was special here and by the next year berry was managing six hundred million dollars. Now around two thousand five burs started to shift his focus to the subprime mortgage market. He got convinced that a specific subset of those mortgages begin losing value within a couple years of issuance and subsequently persuaded investment.

michael berry berry Bale burry michael lewis Kathy
"michael burry" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

06:35 min | 3 months ago

"michael burry" Discussed on CoinDesk Podcast Network

"Technology innovation in the public markets through actively managed e. t. apps in the seven years since founding. Kathy has been through it as i mentioned. She has been one of the most ardent supporters of ilan through thick and thin in february twenty eighteen. She told cnbc that tesla could grow around eleven hundred percent from its price at that time to reach a price of four k. Per share within five years people chuckled and chuckled. Harder when she doubled down a year later on that prediction after tesla had dropped twenty nine percent however two years on from that in january twenty twenty. One tesla hit that target on a split adjusted basis overall. Twenty twenty was the breakout year for wood and her arc funds. They started the year with around three billion dollars in assets under management and by the end of the year their flagship innovation. Etf alone had become the world's largest actively managed etf with seventeen billion dollars in assets under management and a one hundred and seventy percent return that year overall the firm now manages over fifty billion dollars in assets under management spread across its etf's. They've also continued their engagement in bitcoin. Crypto adjacent things. They've gobbled coin base and robin hood stock this year. For example contra the markets they've also co hosted with square the b word event for institutional investors to learn about bitcoin where elon. Musk declare detente more or less with the bitcoin community. What's more arc has been interesting to watch as sort of macro reference point for the crypto markets if you look at just that flagship innovation. Etf arc peaked in feb and then came down throughout march april and may before coming back up again in june to july and staying somewhat range-bound for the last month or so. What has been shifting throughout that time is people's beliefs and expectations about the future of monetary policy that i like down for arc was characterized by a larger market shift in expectations. The economy was starting to heat up. Inflation was going up and despite assurances that the fed was going to keep the gas flowing when it came to asset purchases and zero interest rates markets. Were getting more convinced that inflation would force their hand in the scenario where the fed did have to hike rates the first thing that would be hit or risk stock valuations since then the mackerel. Landscape has gotten a lot more blurry delta variant has confused things certain economic indicators are weaker than expected like the one point one percent drop in retail sales in july that we learned about today and in general. There's just a lot of debate about what happens next. That's the context in which yesterday it was revealed via sec filings. That michael big short berry was short. Arcs innovation. etf to the tune of bearish puts on two hundred and thirty five thousand five hundred shares a position worth around thirty one million dollars that same filing also revealed that berry has increased his bets against tesla from eight hundred thousand one hundred shares before to one million seventy five thousand five hundred shares now unlike in the past. Ah soon to be deleted. Tweet did not accompany that disclosure reporting initially the market sided with berry arc. Dropped two point six percent yesterday as part of a broader tech stocks dip and tesla meanwhile was down around four point seven percent as the. Us opened a formal investigation around. Its autopilot system today. Though kathy bit back and she did so on a twitter thread that i believe will not be later deleted. Let's actually read the whole thing re tweeting the news. That berry was making bets against she writes. Most bear seem to believe that inflation will continue to accelerate shortening investment time horizons and destroying valuations. Despite what we believe has been a supply chain related slash short-term burst in inflation both equities and bonds have appreciated since march unlike the tech and telecom bubble this equity bull market has broadened beyond the innovation strategies that boomed last year to value and other stocks that had trailed the bull market has strengthened setting the stage. We believe for another leg up. In innovation strategies the equity market is likely to reward disruptive innovation strategies once again when headline inflation breaks and or fears of recession increase if the bond market is correct. One or both will be obvious during the next three to six months since mid-may a number of commodity prices have been breaking down lumber down sixty five to seventy percent copper down ten to fifteen percent oil down ten percent. An unexpected increase in the dollar also is negative for commodity prices now the mannheim used car index a leading index for new car sales is slipping deflation and commodity prices is cyclical but is adding to the secular forces caused by technologically enabled disruptive innovation. I good deflation and creative destruction. I bad deflation if we're correct. Gdp and revenue growth will diminish until the opportunities in nascent technologies begin to move macro needles in this environment. Innovation base strategies should distinguish themselves in our view the seeds for the innovation explosion that arc invest is dedicated to researching were planted during the twenty years ending with tech and telecom bust having just dated for more than twenty years. These technologies should transform the world during the next ten years to his credit. Michael berry made a great call based on fundamentals and recognize the calamity brewing in the housing and mortgage market. I do not believe that he understands the fundamentals that are creating explosive growth and investment opportunities in the innovation space so to briefly. Summarize what ann arbor arguing something similar to the feds line of transitory inflation. Although it's not exactly the same for her and arc. Their meta-framework is term structural and technology lead deflation with short-term inflationary pockets as evidence she's pointing to commodity prices which have been coming down significantly since their peaks earlier this year. She also points to what she argues is a bond market bet that this inflation is passing and in fact fears of a recession could increase in the context of either inflation concerns dwindling or larger fears around growth markets will again turn to disruptive innovation companies as the only reliable drivers of growth and as the biggest beneficiaries of dovish policy tailwinds. So you have on the one hand michael berry making bets that suggests were in the mother of all bubbles that these valuations can't possibly be sustained and through his actions. He seems pretty clearly in the camp that the first thing to get nuked will be tech. Valuations kathy ann arbor making very different bet and it's a totally different way of looking at fundamentals. In their estimation the fundamental shifts of long-term technology driven change in secular market shifts away from growth. Are the things that.

tesla berry fed cnbc elon robin hood Musk Kathy
"michael burry" Discussed on CoinDesk Podcast Network

CoinDesk Podcast Network

05:23 min | 3 months ago

"michael burry" Discussed on CoinDesk Podcast Network

"What's going on guys. It is tuesday august seventeenth. And i have sort of a fun one for you today. So one of the things that makes being in market so fascinating and just more enjoyable in many ways is that unlike in say politics when people have disagreements. there is actually a way to tell who's right ultimately it's the market. The market will at some point demonstrate who is correct. And who isn't right now. There is a delightful disagreement going on between two figures who loom large in the markets imagination. The champion of disruptive innovation herself. Kathy would on the one hand and michael berry on the other who you might recognize as the main character in the big short. the reason. It's interesting isn't that it's just too big personalities going head to head instead it reveals quite a bit about the very different expectations. People have about inflation growth and what happens next in markets. Let's start with michael berry first. A little background on berry for those of you who might not know. He's best known in pop culture as the main subject of michael lewis's book the big short and the movie of the same name he was the guy played by christian. Bale burry ran a hedge. Fund called silent capital that he started in two thousand with inheritance. Money and loans from family right from the beginning. You'll see a common thread which is berry building his whole career in betting on bubbles when he started cy on in two thousand he immediately started shorting internet stocks. Which as we know the world would soon come to see his highly overvalued in two thousand one the s&p five hundred fell around twelve percent while syon was up. Fifty five percent in two thousand and two the s&p five hundred was down another twenty two point one percent while cy on was up sixteen percent in two thousand and three the market turned around and rose twenty eight point six nine percent but berry beat it again up fifty percent. This was enough for investors to know that something was special here and by the next year berry was managing six hundred million dollars. Now around two thousand five burs started to shift his focus to the subprime mortgage market. He got convinced that a specific subset of those mortgages begin losing value within a couple years of issuance and subsequently persuaded investment firms to sell him credit default swaps against the deals. He considered most vulnerable. This was not a popular opinion at the time. He had numerous withdrawals from the fund. But those who stuck around one big brie made himself one hundred million dollars and when it was all said and done between november two thousand when the fund was started in june two thousand eight when he wound it down. Michael berry syon recorded a four hundred eighty nine point. Three four percent return fast forward. A decade berries been sounding. The market is overvalued drum now for a couple of years in august twenty nineteen he said. There was a bubble enlarge. Us companies due to the growing popularity of passive investing in december of twenty twenty. He revealed that he was short. Tesla this also showed another curiosity of michael berry he absolutely loves to tweet and then shortly thereafter delete it so from december twenty twenty. He tweeted so elon. Musk yes. I'm short tesla but some free advice for a good guy seriously. Issue twenty five to fifty percent of your shares at the current ridiculous price. that's not dilution. you'd be cementing permanent and untold optionality if there are buyers sell that tesla souffle elon. Musk shockingly did not listen. Berries tone got somewhat more hostile in january. When he taunted well my last big short got bigger and bigger and bigger to enjoy it. While it lasts in may the magnitude of his short position was revealed. Cnbc reported again now deleted tweets that revealed that berry had puts against eight hundred thousand one hundred shares of tesla worth around five hundred and thirty four million dollars at the time. One of those deleted tweets gave some additional rationale. Saying that tesla was over reliant on government regulatory credits to turn a profit and that that was a red flag. Despite what i tell you next about berries take on bitcoin. Let's not forget that. That's exactly what many bitcoin said when ilan seemed to turn on us earlier this year. Either way in quarter one of this year tesla reported just under five hundred twenty million dollars in sales of regulatory credits. Basically it gets credits from government programs around renewable energy and then sells them to other automakers who need to offset their carbon footprint. Tesla's one point six billion dollars in regulatory energy credits or a key part in helping the company achieve four consecutive quarters of profitability which was a requirement for addition to the s&p five hundred. Very however hasn't just been vocally short. Tesla's i just hinted he's also reserved some ir. Bitcoin and crypto in february. He tweeted and again at this point. You can assume that. Unless i say. Otherwise he's deleted these tweets just a little while after posting them. He tweeted that tesla had bought bitcoin. Only as a way to distract people from chinese regulatory concerns around tesla's quality and safety in june. He went even more ham. Going after crypto directly. He tweeted all hype and speculation is doing is drawing in retail before the mother of all crashes when crypto falls from trillions or meam stocks fall from tens of billions main street losses will approach. The size of country's history ain't changed the culprit. He says is leverage. Quote if you don't know how much leverage is in crypto. You don't know anything about crypto. No matter how.

michael berry berry tesla Bale burry Michael berry syon michael lewis Kathy elon Musk
"michael burry" Discussed on Invested: The Rule #1 Podcast

Invested: The Rule #1 Podcast

04:54 min | 4 months ago

"michael burry" Discussed on Invested: The Rule #1 Podcast

"And what i'm seeing is that He sold short citibank or citigroup group calls. He sold short pfizer calls. So i'm seeing some short calls here. Maybe i'm looking at different page as i see none of those now. What's really interesting on these short calls. It these are not covered calls. Either he doesn't have the calls covered any short. Oh here's all right there on page to third party websites strikes again so when you sell a call you now have an obligation so when you sell any option you're now obligated to do something when you sell a call you're obligated to deliver the stock at that price okay. This makes a lot more sense to me. Now that i'm seeing these ones with the cells. So i think we are making the right assumption. That should be. Yeah i think so. But i just want to point out. This is a pretty serious bet. That city group won't go up because he's betting that some he's basically giving someone the right. They're paying him for the right to force him to give them that stock at a price and if he doesn't own the stock he's got to go out there and buy it at whatever price it's at so in this particular case. If city group goes up really fast something wonderful happens and the stock price goes up really fast. He's going to lose money on that thing. He's going to have to buy the stock or he's going to have to pay the difference in and get rid of that option either way it was also reported back. this is a q four. 'cause i guess they aggregate their reporting on this show actually on march thirty first showing. Then what am i looking at. That is looking at the sec. And i don't trust it at all there. We gotta sure call on. I strongly also doesn't he doesn't own pfizer stock so again if pfizer goes up he loses here. So it's so interesting you can use options. He's got one option where he's bought an option on tesla. Hoping it'll go down. He's got a call option. He sold on group whole hoping to go down. He's got a call option on pfizer. Hoping it will go down. And he's got a call option on google hoping it will go up so you guys. It's math isn't it. Yeah it's really really cool. I love it. I think it's really cool. And but it takes some digging if you're interested in averaged investments. Where in other words. These aren't investments per se. These are gamble. Caesar these are what i would consider gambling with a brain or in other words. You're gonna go to las vegas and you're going to count cards and play blackjack and casino doesn't kick you out and if you stick with it long enough you're gonna make money and i think that's exactly what's going on here. Got a really smart guy a genius. Who has got a very strong opinion about the direction. -ality of tesla and google and city group and pfizer..

citigroup group pfizer citibank sec tesla google Caesar las vegas city group
"michael burry" Discussed on Invested: The Rule #1 Podcast

Invested: The Rule #1 Podcast

05:40 min | 4 months ago

"michael burry" Discussed on Invested: The Rule #1 Podcast

"That apple is no longer a technology company. it's no longer all about creative destruction. It's actually. I think warren said that when he realized that affirmative is who had a private jet said he'd let go the private jet before we let go of his iphone. Something going on here so back to burry that. So we've got. We've got some interesting stuff here when we go and look this up apart from or going out to the sec. We see something else. We see that it will wisdom for example they're showing that burs portfolio is actually one for almost one point four billion dollars not six hundred thirty nine million. It's one point he has one point. Four billion invested is the way they're saying it here and also completely screwed up. Yeah that's not right. It's because they have a computer doing that ended. It must have included the option filings. It does and here's the crazy thing when you do option filing what they what they do what they said they take the value of the underlying as an obligation for you whether you're obligated or whether you have a right right and these are the two sides of the options trade. One one side is when you sell an option now obligated to do something and when you buy an option you have a right to do something with the. Sec doesn't seem to distinguish between the two at all it's just. Let's look at the underlying stock and determine the total amount of the investment based on the shares of stock times the underlying price. And you end up with these massive numbers that aren't real Right there specially not real because the put options and the call options do different things depending on whether you buy them or sell them and they do very different things between each other so a put very different than a call and a sold put her short put his very different than a long put. I don't know if we want to get in the weeds here. But they're they're they're very very different than just seeing all the underlying stock shares are. What really count here right. Let me let me give an example. I don't think that they would show on here. A sold put or a sold call. I think they would only show ones that have been bought and therefore are owned by the fund. No no no no. They're not gonna distinguish. They're not going to distinguish when you push the sold button when you push sell with and you have to file that you sold something whether you owned it or not. It's true so now. I could be wrong but we can check not something i should look up. Yeah yeah but when they say that that the top buys for burry in in q. One the number one top by was tesla. All right he he. He didn't by tesla which would indicate he's really excited. About tesla right. Which was which was my initial thought upon seeing this like one hundred percent wrong..

burry warren sec apple Sec tesla
"michael burry" Discussed on Invested: The Rule #1 Podcast

Invested: The Rule #1 Podcast

04:12 min | 4 months ago

"michael burry" Discussed on Invested: The Rule #1 Podcast

"So the guy's a genius and in the big short he had figured out a way and basically created away by working with goldman sachs too short the real estate mortgage bonds. I mean he actually just totally created it. Goldman sachs thought. He was crazy but happy to take his money and then later on in the movie you watch him getting furious that goldman sachs won't payoff on the bet that he made with them that he's obviously one and later on what he found out was that goldman was getting rid of their side of the bet rapidly other other people right and then once they were rid of it all right. They'd made a bad bet and they wanted to unload it once. You're rid of it. All then they re priced the bet properly and he made several billion dollars and amazingly no one at goldman sachs went to jail. I mean that is so illegal and so wrong on so many levels. And it's just i just fury infuriates me that these guys would manipulate a market like that and get away with it but of course the sec is busy. Busting little guys and they don't deal with goldman they goldman got in trouble with the sec. Something else and the sec said since the paperwork and goldman sachs sent them to semi truck full of paper down to washington dc and said here you go from..

goldman sachs sec washington dc
"michael burry" Discussed on Invested: The Rule #1 Podcast

Invested: The Rule #1 Podcast

05:50 min | 4 months ago

"michael burry" Discussed on Invested: The Rule #1 Podcast

"Yeah i like yes. Activists charlie munger quotes about about all these things in sort of grown a little weary of the charlie munger quotes to tell you the truth but it is true that charlie and warren believed that if you just keep learning in your life you're going to be successful if you just keep learning. Just keep plugging away. And i think that's The value of a podcast. Like this is that we just keep unpeeled. Repealing the onion here unfolding a the knowledge as we understand it that charlie and warren have written about in spoken about for sixty years which i've been using for investing for forty years written a lot about it and i think you know it just never. It never stops being interesting to me. And i just keep learning honestly. I'm i'm learning. You guys know the best way to learn something as to teach it right. Everybody knows that. So teaching down y'all here and having her learn and feedback what she's learned to me and it's been really interesting and Anyway today we dive into what michael burry a little bit. Yeah i also really enjoyed doing the quotes by the way but we felt it was time to move on An eye at some point episodes episodes ago. I think somebody wrote in a question about michael berry and what he was up to and we said oh that would be really interesting to look at his thirteen f. fcc filing and we were both like yes. Let's do it at some point. So today i looked it up just thinking maybe we would talk about it on the podcast and i looked at it and i thought oh. He owns a bunch of tesla. That really surprised me. Because he didn't seem like the kind of investor that i would expect to be gung ho on tesla and i was looking at it on. I'll just say the website because whatever looking at non whale wisdom which as people who have listened to me talk about thirteen filings. No i hate looking at stuff through like a third party lens. And i found out why again today because i was super confused about what this man and then i saw that they have put an call in parenthesis next to a bunch of company codes company names and then i realized that it was next to tesla name and i realize he doesn't actually own tesla he owns a bunch of puts on tesla so to make sure was understanding. All of this right. I then went to the edgar. Scc website because that is the source and if anybody wants to look this up his company and by the way the way that i find the stuff out is super simple so his fund is called fan asset management. There's a bunch of silence if you only put that in so it si- on asset management and And the way that. I found that out as i just googled. Michael berry thirteen off. And that's what came up and that's what will wisdom has so. That's what i found on the sec. So very easy to figure it out and it turns out that. Yes on the sec's filing which for me is much easier to read They do put put and call options on their if they're owned by a fund. I don't know if i'm just reading the wrong thirteen fs but i had never noticed this before. So there you go. Thirteen.

charlie munger tesla warren charlie michael burry michael berry fcc edgar Michael berry sec
"michael burry" Discussed on Liberty Talk FM

Liberty Talk FM

02:29 min | 10 months ago

"michael burry" Discussed on Liberty Talk FM

"Life Changing money is turning into destiny changing money. Another road on Tuesday night. Wow, The government can't have regular people making that much money. No, and that's why they're stepping in, at least not the government is stepping in. But Wall Street is stepping in NASDAQ freezing trading today. Now we aren't sure whether they froze the entire stock exchange or if they just froze, you know, AMC and Game stop. If you know more and you wanna weigh in here, 603283 61 60 as it as the Titans of Wall Street Seed and again. This is artie dot com reporting investor Michael Burry, who made a fortune on the 2008 subprime mortgage crisis. Said in a now deleted tweet on Tuesday. The trading in game stop is quote, unnatural, insane and dangerous and that there should be quote legal and regulatory repercussions. I love how Artie points out that this guy was one of the causes of the housing crisis in 2007 and 2008, leading to the great recession, and he's out on Twitter bitching about losing at his own game. One of the activists here. I mean, for lack of a better term, William Legate writes on his Twitter quote. What we're witnessing isn't a traditional pump and dump. It's an unorganized yet collective effort of mean lords and average Americans to completely ignore all market fundamentals and through the power of social media bankrupt hedge funds overnight. Taking their funds Legality unclear. Read. It is also in the process of me unifying AMC stock to revive it from the dead, which is cheap right now, This is like the occupy Wall Street. I need to go online by some handsome and see right if it's not frozen, and that's the question, are they actually Freezing these purchases. What is going on with that wolf to check that out? But, he says this is like the occupy Wall Street movement but on their own turf with real financial consequences. Incredible, he says. Despite Berries call for punishment and Friedman's fretting over manipulation, Friedman again is the CEO of NASDAQ. The amateur investors of Wall Street. That's aren't actually breaking the law. According to Artie. They're foreign poster considered free speech under the First Amendment, rather than illegal attempts to dupe investors will tell you more about this absolutely fascinating. 603283 61 60. It's free taco. Was everybody Bobby here, it's finally here. The long awaited bubble report. Bring you news from all the trading floors across the globe. We've got Scotch. Elated. The cow guy is CNN, CNBC, Fox and Bloomberg..

Artie Twitter wolf William Legate AMC Friedman CNN Michael Burry Bloomberg CNBC Bobby CEO Fox
"michael burry" Discussed on 600 WREC

600 WREC

01:49 min | 11 months ago

"michael burry" Discussed on 600 WREC

"S economy not only failed to gain some back in December, it lost 140,000. It was mostly driven by the 372,000 jobs cut by bars and restaurants. Because of both new covert shutdowns and cold weather that made outdoor dining almost impossible. Most economists predicted some improvement, maybe 50,000. But gains in a few other industries, including retail factories and construction failed to offset the losses, which were also big in hospitality and leisure overall. Also not helping all the delays in passing and signing the coronavirus relief package. The overall jobless rate remained steady at 6.7%. Boeing is paying $2.5 billion to settle a Justice Department investigation into whether it misled regulators about it's 7 37 Max jets before the two fatal crashes, right hell, Solomon reports the settlement would lift the legal cloud that has hung over the company for about two years. That, or prosecutors have been probing high profile lapses by Boeing and telling the FAA about the shortcomings on the max before and after the accidents. The settlement includes a $243 million fine. More than $2 billion in compensation to airline customers and families of crash victims. I'm her health Solomon Elon Musk is now the richest person in the world, overtaking Jeff Bezos by a couple of billion bucks. Musk is worth about 190 billion now, but an investor made famous by the book and movie the Big short for shorting the housing market before the 2000 and collapse is telling musk to enjoy what we can. Michael Burry is now shorting Tesla at a time when many other investors Shorted Tesla. All during last year's stratospheric 750% rise have thrown in the towel and Amazons Prime Pantry service that delivered groceries and household essentials is no more. It was one of the retailers. Early attempts at selling food online Prime Pantry products have just been folded into Amazon's main site..

Solomon Elon Musk Amazons Prime Pantry Boeing Prime Pantry Solomon Michael Burry Jeff Bezos FAA Amazon Justice Department
"michael burry" Discussed on KLIF 570 AM

KLIF 570 AM

06:53 min | 11 months ago

"michael burry" Discussed on KLIF 570 AM

"Then someone said, You know, it kind of gets wins. Windy there with the supports for those fou fou cables that actually don't even hold the bridge up because concrete will hold itself up. They might break in the wind come loose and start killing people. Yeah. Now, in my opinion, maybe you feel the same way some bicyclists. You kind of go. Let's take a chance with him. But Cooler heads and mind prevailed on this folks. And so six years after was initially promised I want, you know, the Dallas Morning News reported. Earlier this week. That work is expected to begin this month. To replace Countem 196 foo foo cables. And anchors to connect the bricks, necks, bridges deck to the two arches. Right? And they're hoping it was hoped they would They want to be open 2017. And it just hasn't happened. And it's like another. I'll know 9 10 million bucks. I mean, what's that? In a city like Dallas. Although when I was growing up, my dad used to get on me, saying it's better to do it right the first time it costs less, and it may take more time. But it takes less time than doing it wrong once and having to re do it all over again in my household. I understand my dad was an air Force pilot. There was no such thing is value engineering. You live on an air Force base. He mowed the yard and you edge the sidewalks and you didn't have leaf blowers to blow all that stuff out into the street. Let nature take care of it. You had to sweep it up and bag it because they would drive the streets of Air Force base on Monday morning, and if you weren't mode and edged You got demerits. Yeah. In any case, we're going to install larger anchor rods. This was all part of an $800 Million Transportation Department project to upgrade bridges and roads. Destruction of the bridge began in spring of 2013 cost 212.5 million. And in 2018. Everybody realized whole design was bad now, the design firm said. Where did you come up with these certain hangers and wires to suspend. That's not up to specs, and that's when all this hubbub hit City Hall. When they go, we use value Engineering. What's value Engineering? Well, it's where you don't pay for it. And you try to cut corners. And you end up having to do it again for another. I'll know 10 million bucks, but Maggie McDermott Is probably smiling down on us now. Because her bridge is no longer going to be an embarrassment to her name. Theoretically. One other quick story, Barron's magazine. On January 4th published the story. Tesla passes a market cap milestone It's worth more than Facebook. Now when they say it's worth more than Facebook in real life, As as I told somebody I've never really used Facebook because I wasn't looking at the high school girlfriend. For whatever reason, I assume they've deteriorated as much as I have. Secondly, they're talking about the market cap of it. That Means said the market cap on Tesla's went over 700 billion on Monday. 744 million. That means it took 111 trading days for Tesla. Go from 100. Billion to 200,000,000,013 days go from 200 to 327 days go from 300 to 400. And 63 days to go from 400 to 500 billion left from 506 108 days 18 more to go to the 700 billion Two days later, Barron's magazine part of the Wall Street Journal, said, Oh my gosh tests that could be worth a trillion dollars. I am impressed. Now. Then came Michael Burry. You may or may not know the name. But if you saw the movie the big short, he was played by Christian Bale. Michael Burry started life as a physician and found out his brain had a natural aptitude for numbers and investments. And so Michael Burry was running kind of a hedge fund for investors, and he was looking at the housing market early. Very early. And he was going This whole thing is going to blow up and bring down everything. And in any case, a Z pointed out, he told everybody the housing market was going to fall apart. But he was one of the first to say it and bet. On the fact it was going to fall apart to the point. His investors of one point got furious with him started demanding all their money back, because guess what? It wasn't falling apart. It kept going higher and higher and higher. And what's Michael Burry doing? Is he second guessing what he did know? He kept buying more and more and more Credit default swaps that the housing market and mortgages were going to collapse. Mm In fact, he had a billion dollar hedge bet against the housing market. And, uh, he started by the way. In May of 2005 before it all blew up. Now at the end, he quits this because all the investors were horrible to him. And yet they made listen to this. They made $750 million in profits. Because in May of 2005 he spotted the financial crisis was coming. And for those of you who are Tesla fans, Michael Burry. A said, Yeah, I'm going against the grain on Tesla because it's gonna blow up. It is worse. Then the housing and financial crisis just Tesla. He did come out and toil. The LEM Musky said. You need to go on capitalize on this current ridiculous price. You need issue even more shares so you could get even more money because people are dumb enough to do it at the moment, but He said. Enjoy it while you can. This is going to blow up and crash. Now just cause the.

Michael Burry Tesla air Force Facebook Barron Dallas Morning News Dallas City Hall Christian Bale Maggie McDermott Wall Street Journal
"michael burry" Discussed on NewsRadio WIOD

NewsRadio WIOD

01:59 min | 11 months ago

"michael burry" Discussed on NewsRadio WIOD

"Of jobs were lost in April. The U. S economy not only failed to gain some back in December, it lost 140,000. It was mostly driven by the 372,000 jobs cut by bars and restaurants. Because of both new covert shutdowns and cold weather that made outdoor dining almost impossible. Most economists predicted some improvement, maybe 50,000. But gains in a few other industries, including retail factories and construction failed to offset the losses, which were also big and hospitality and leisure overall, also not helping all the delays and passing and signing the coronavirus relief package. Overall jobless rate remains steady at 6.7%. Boeing is paying $2.5 billion to settle a Justice Department investigation into whether it misled regulators about it's 7 37 Max jets before the two fatal crashes Rod Hell, Solomon reports the settlement would lift the legal cloud that has hung over the company for about two years. Are. Prosecutors have been probing high profile lapses by Boeing and telling the FAA about the shortcomings on the max before and after the accidents. The settlement includes a $243 million fine. More than $2 billion in compensation to airline customers and families of crash victims. I'm her health Solomon Elon Musk is now the richest person in the world, overtaking Jeff Bezos by a couple of billion bucks. Musk is worth about 190 billion now, but an investor made famous by the book and movie the Big short for shorting the housing market before the 2000 and collapse is telling musk to enjoy what we can. Michael Burry is now shorting test layer at a time when many other investors Shorted Tesla. All during last year's stratospheric 750% rise have thrown in the towel and Amazons Prime Pantry service that delivered groceries and household essentials is no more. It was one of the retailers. Early attempts at selling food online Prime pantry products have just been folded into Amazon's main site. Consumer and Business News. Joe McConnell, NBC news radio. Heart. Where you here? The top Blondie songs.

Solomon Elon Musk Boeing Amazons Prime Pantry Joe McConnell Michael Burry Jeff Bezos NBC Solomon FAA Amazon Rod Hell Justice Department Business News
"michael burry" Discussed on WHAS 840 AM

WHAS 840 AM

02:03 min | 11 months ago

"michael burry" Discussed on WHAS 840 AM

"Michael Burry is now shorting Tesla at a time when many other investors Shorted Tesla. All during last year's stratospheric 750% rise have thrown in the towel and Amazons Prime Pantry service that delivered groceries and household essentials is no more. It was one of the retailers. Early attempts at selling food online Prime Pantry products have just been folded into Amazon's main site. Consumer and Business News. Joe McConnell, NBC NEWS radio, Start Your New Year Smooth with lunchbox wax first time guests by your first wax and get a second one. Free by a premier Syriza's the first time guest you by five wax services and get two free eBook online at www dot lunchbox wax dot com and visit lunchbox Wax cascades. Coming to the Cascades over Look in January. 2021 feel good and stay smooth this new year with lunchbox wax I heart radio Did you know Presented by I Heart radio. You know what you're listening to right now. Did you know that I r radio gets better, The more you tell us what you like. Every time you dumb up or thumbs down the song follow a station podcast or playlist. We pay attention and change the app just to suit your taste. That's right. No, too I heart radio APS are exactly the same. And the more you thumb up and down music, the better job we do of helping you discover the next song playlist or station you'll fall in love with Follow those podcasts. You listen to the most will notice and we'll make sure to recommend new binge worthy podcast just right for you. I heart radio is built to get better and better, the better. We get to know you so make sure you share with us What you like by thumbing and following And as you listen, we'll make sure there's unlimited great listening moments coming your way, And of course, it's all free. I heart radio number one for music, radio and podcasting, all in one up high..

"michael burry" Discussed on Newsradio 970 WFLA

Newsradio 970 WFLA

03:44 min | 1 year ago

"michael burry" Discussed on Newsradio 970 WFLA

"We would we be without them. Thank God we have them in with that. Well, you know where we're going in 2021. You know, Think of this for a second when we had the financial crisis back in 8 4009. We had all the world's banks. They kind of set a dangerous precedent, and they didn't have for a reason. We had the financial crisis going on. And what did they do? And that they lowered interest rates to zero and they started to print money. And When they did this money became significantly cheaper and it opened up really a floodgate. Of people borrowing money at a very low cost, and then his best thing it in risky investments. In some cases in all the housing crash. It wasn't just investors who did this, Cos cos. Wrecked the big debts. They want up using it to buy back their own stocks. So think about it now. Here it is fast forward to 2020. World. We're stuck with this pandemic since last March. And the last thing that the banks around the world wanted to do was to have a financial crisis. So they went all in. They started to print money. Rent money. You know, in the back in the last financial crisis, £2200.9 they actually set limit this time. They said they would do anything and everything and Money. Printing was incredibly severe, and there were no limits. So when you look at the balance sheet of the Federal Reserve now It's sitting at over seven trillion, and they're still going to have more bailouts. Acted that the 2000 and 2000 and crisis Was a trillion dollars. So you think about this when banks print money? You're only asking for problems. There's no ended for buts about it. And you know the stock market that's absolutely ballooning. And if you look at any kind of valuation measures, they're all completely blown out. Portion historical averages. They're just way out of whack and returns. Returns are what they are Bonds, bonds or next to nothing to speak of. Everyone is speculating in the markets. But let me this. Pay this. Do you remember that? The movie the big short 2008 crash and people made fortune speculating what would happen and in that movie. There was a guy named Michael Burry. He was a physician that turned a money manager. If you saw the movie, he was the guy that played the drums well, he invested almost a billion dollars of his clients. Money's saying that there was going to be a crash and people thought. Was out of his mind. They start suing them and guess what? He made them fortunes. And here it is now. Give you one example. Take Tesler. Tesla has gone up 575% this year. It's not even really making a profit. What do you think Michael Burry stealing He shorting Kessel. He's investing. There's going to come down to reality. This is the world that we're living in. Now the federal government printing trillions of dollars, it's weakening the dollar. Simply kicking the can down the road, just like in 2008. And now more than ever professional money managers. They're investing for a quick correction in the market sooner than later. Let me ask you Has your advisor even brought this up to you? You know, we have a $28 trillion deficit to pay back. And even if the vaccines were given out tomorrow that everyone the damage to our economy has already been done..

Michael Burry Money Kessel Federal Reserve Tesla advisor
"michael burry" Discussed on KNST AM 790

KNST AM 790

02:41 min | 1 year ago

"michael burry" Discussed on KNST AM 790

"Michael Burry he's the guy who was the focus of the big short he says that this what we are dealing with right now the universal stay at home is the most devastating economic force in modern history he says it's man made it suddenly reversed the gains of underprivileged groups kills and creates drug addicts beats and terrorizes women and children and violent Newton now jobless households and more it bleeds deep anguish and suicide that's probably the the most accurate description of what has happened we are we are in a place that none of us saw coming just a few weeks ago I have been warning since this became serious in China that it was not the actual virus that would would be something that we should worry about it would be the consequences and that the Great Depression that would come after and we are headed that way but we are also doing things by choice that we have got to stop doing we we've talked about China for years now and the way China in slaves their people and they are nineteen eighty four and we've been a Brave New World where sliding into a threat thanks to technology we're sliding into this this slave state or this surveillance state Big Brother and we're doing it we're asking for it now there is a experiments going on with the American people right now how far can we push the American people on their civil liberties how far can we do it unfortunately I'm pretty far pretty far we are teaching everyone the wrong lesson all of these politicians are learning role wrong lesson from us last Thursday Google announced its community mobile reports program it's completely harmless Google is just providing government leaders data on where people are traveling during the pandemic you know for your safety now they say this is all anonymous huh huh Google is providing data for states and counties to help governments understand how well stay at home orders orders are working among other things Google insists.

Michael Burry China Google Newton