The investor's quirks have been critical to his out performance, according to Michael Burry.
The Making of an American Capitalist by Roger Lowenstein made me think that any investor must be unique.
The Big Short is a book about the mid-2000s housing bubble and the billion-dollar bet against it by a hedge-fund manager.
"If you are going to be a great investor, you have to fit the style to who you are," Burry told Lewis. He pointed out that Benjamin Graham did not copy his mentor, but instead created his own investment approach and philosophy.
To succeed in a spectacular fashion, you had to be spectacularly unusual, according to Lewis.
He knew that he would never be as popular as theOracle of Omaha.
The chief of the asset management company has mentioned the billionaire several times.
In April, he highlighted the testimony of Warren Buffet to Congress about the financial crisis. The panel almost universally ignored the warnings about an impending crash, which was described by the chief as "Cassandra" to the panel. Burry has set his display name on the social networking site as Cassidy B.C.
The dangers of inflation were laid out in a letter written byBuffett in 1980. High inflation acts as an implicit tax on investors and discourages companies from investing because they lose their real returns. It leaves them running up a down escalator and can result in negative returns.
In 1999, Burry described Apple as aBuffett stock, nearly two decades before it became the crown jewel of the stock portfolio.
Even if he doesn't follow them to the letter, Burry's bookshelf shows his deep interest in the teachings. The bible of value investing, Security Analysis, is one of the things it features.
Robert Hagstrom's book "The Warren Buffet Portfolio: Mastering the Power of the Focus Investment Strategy" is based on his previous statement about his bookcase.
Burry is aware that people can still write about him even after he deleted his account.
I know, but deletion of tweets doesn't really remove them. But that is not the reason I deleted them. He highlighted a recent Insider story that contained some of his deleted messages about the stock market.
He explained in October that he deleted his social media accounts to prevent bot and promoter of meme stocks and cryptocurrencies from reaching a large audience.
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