American - Businessman | June 19, 1971 -
I seek individual investments that will allow me to target total portfolio returns of at least 20% annually after fees and expenses on an annual basis over a period of years, not months.
Michael Burry
MeTargetWillOverIndividualSeek
One of the risks for anybody in the lending business is that being conservative can harm your competitiveness.
BusinessRisksConservativeBeing
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.
I AmGroupMatterOutsideAlways
I think a lot of hedge funds get their trades from Wall Street and get their ideas from Wall Street. And I just like to find my own ideas. I'm reading a lot; I read a lot of news. I'm addicted to it. I basically - I follow my nose on news stories.
IdeasReadingThinkFindWallNews
If you are going to be a great investor, you have to fit the style to who you are.
GreatStyleYouGoingFitWho
Fresh, clean water cannot be taken for granted. And it is not - water is political, and litigious. Transporting water is impractical for both political and physical reasons, so buying up water rights did not make a lot of sense to me, unless I was pursuing a greater fool theory of investment - which was not my intention.
WaterFoolMePoliticalIntention
At one point, I recognized that Warren Buffett, though he had every advantage in learning from Ben Graham, did not copy Ben Graham but, rather, set out on his own path and ran money his way, by his own rules... I also immediately internalized the idea that no school could teach someone how to be a great investor.
LearningPathGreatMoneySchool
The idea that growth will remedy our debts is so addictive for politicians, but the citizens end up paying the price.
GrowthEndPriceWillPoliticians
I will always choose the dollar bill carrying a wildly fluctuating discount rather than the dollar bill selling for a quite stable premium.
ChooseSellingWillAlwaysDollar
Government policies and regulations in the postcrisis era have aided the hollowing-out of middle America far more than anything the private sector has done. These changes even expanded the wealth gap by making asset owners richer at the expense of renters.
GovernmentAmericaWealthDoneMore
The post-crisis perception, at least in the media, appears to be one of Americans being held down by Wall Street, by big companies in the private sector, and by the wealthy. Capitalism is on trial. I see it a little differently. If a lender offers me free money, I do not have to take it.
MoneyMePerceptionFreeCapitalism
What you want to watch are the lenders, not the borrowers. The borrowers will always be willing to take a great deal for themselves. It's up to the lenders to show restraint, and when they lose it, watch out.
GreatYouLoseWantWillOut
Copyright © 2024 QuotesDict Michael Burry quotes