I imagine the shares of these companies, in most cases, will become very boring before they become attractive again. A month ago, the hedge fund wizard said a stock market downturn that he expects to be the mother of all crashes was underway. Near as I can tell, it was the same sort of trade that did him in. Baa3, or equivalently BBB-, is considered the lowest investment grade rating, and the lowest investment grade tranche in this PPSI deal is M9, which had 4.05% in credit support at origination. 2023 NYP Holdings, Inc. All Rights Reserved, Giving firms like Amazon tax breaks are a losing bribe, FDIC races to find buyer for collapsing First Republic Bank: report, Clueless Yellen fails to stave off bank crisis as First Republic sinks, Feds preferred inflation gaugestayed high in March as another rate hike looms. A copy of the same can be downloaded here. He tends to see the glass half-empty more often than half-full. THE BIG SHORT - Michael J. Burry letter to Investors - YouTube 0:00 / 2:01 THE BIG SHORT - Michael J. Burry letter to Investors viksra 253 subscribers Subscribe 2.7K Share 694K views. Dear Mr. Musk, Check VectorVest BEFORE you invest! Scion was up 55 percent. You can read some of Michael Burry's letters here - Scion Capital Shareholder Letters. For the lowest rated tranche M11 in this particular poolcredit support is just 2.3% at origination. Call Us Today! Michael Barr, the Fed's vice chair for supervision, is leading an internal review of SVB's oversight and regulation set for release Friday. Michael Burry is one of the most influential investors of all time. And they are erring right now by continuing to float along as if the most significant credit bubble history has ever seen does not exist. The sickest patient will require the most aid, and I would expect that aid will come in the form of Federal policies that hurt the dollars value over a longer time frame. Michael Burry Scion Capital Michael Burry of Scion Asset Management Scion Asset Management founder remained active throughout the fourth quarter. Jan 2002 - Dr. Michael Burry Letter to INVESTORS (Scion Capital Fund) - YouTube If you enjoyed this content please like and subscribe. That is, they are nonconforming. And surely, these people would never have the nerve to tell you whats happening next if they were so horribly wrong on what happened last, right?
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