What stock is Michael Burry buying?
Michael Burry Stocks: Bristol-Myers Squibb (BMY) First, CVS Health (NYSE:CVS). Second, biotech play Scynexis (NASDAQ:SCYX). One that Burry has added, however, is pharma giant Bristol-Myers Squibb. As of Dec.
Does Michael Burry still invest?
Michael Burry’s company, Scion Asset Management filed its 13F last night, revealing the company’s portfolio as of the end of 2021. Burry is best known for betting against the housing market in 2008, and more recently, against Elon Musk’s Tesla Motors and Cathie Wood’s ARK Innovation ETF.
What is Michael Burry investment strategy?
Michael Burry’s investment strategy can be described as follows: Invest with a margin of safety. Michael Burry’s main goal is to protect his downside so that he can prevent a permanent loss of capital. Consequently, known catalysts are not necessary; sheer, outrageous value is enough.
How much money did Michael Burry make for Scion investments when the mortgage market collapsed?
Eventually, Burry’s analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million. Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008.
Why is Michael Burry investing in water?
He prefers water-rich farmland away from large governmental and infrastructural limitations. Burry has said in interview: “What became clear to me is that food is the way to invest in water. That is, grow food in water-rich areas and transport it for sale in water-poor areas.
Whats Michael Burry doing NOW?
Born in California, Burry is an American investor, physician, and hedge fund manager. Currently, he manages Scion Asset Management, which he founded in 2013. Scion Asset Management mainly invests in services, technology, finance, and consumer goods sector as of Q2.
Why is Dr Michael Burry such a great smart fund manager?
Burry was — helps people keep an open mind. He also is a contrarian investor through and through, always looking for unfashionable stocks and focusing on in-depth research and developing analytical skills. The Scion portfolio was highly concentrated, always with fewer than 25 stocks.
Does Michael Burry use technical analysis?
When to buy: Burry uses some rudimentary technical analysis to determine when to buy a stock – specifically he prefers to buy within 10-15% of a 52-week low that has shown itself to offer some price support. When to sell: Burry’s turnover generally exceeds 50% annually.
How much money did dr Michael Burry make in 2008?
The estimated net worth of Michael Burry is $300 million. Burry is the founder of Scion Capital LLC, a fund he managed during the Great Financial Crisis of 2008, making billions in profits for his clients during the collapse of the American housing market.
How much did Michael Burry make off The Big Short?
However, Burry made $100 million for himself and $700 million for his investors when his bet against the housing market paid off, Business Insider reports. The story was recounted in Michael Lewis’ book The Big Short, which was adapted to a Hollywood film starring Christian Bale, Steve Carell and Ryan Gosling in 2015.