This guy is consistent. He's dropping debt to GDP ratios during a commencement speech. That was great.
@polarisjustdothework22582 жыл бұрын
“Consistent” 😂😂 For real…but he was connecting it all to their futures and how to take care of themselves (what not to become) 💞
@rvbzero7 Жыл бұрын
LOL
@williamevans68308 жыл бұрын
Michael Burry. A classic example of a man with a brilliant mind ignored in a world of blissful ignorance with lazy opportunists and short term economic hacks. The world needs men like him more than ever. In this age of information we should all be far more intelligent and smarter than our previous generation. We're not. That needs to change. Listening and acting to what this great man says is an excellent start.
@cubulair30535 жыл бұрын
Indeed William Evans, I couldn't agree more with you.
@anchalkumar82245 жыл бұрын
Gold comment.
@jacksteel15395 жыл бұрын
Its not quite that simple, the housing market had never had a real issue in over 100 years so betting against it was a really stupid idea and everyone was too stupid to simply check if what he was saying made sense.
@Ja50nkAt5 жыл бұрын
@@jacksteel1539 But why wouldn't these highly intelligent CEO's that were getting paid ten's of millions of dollars every year not look into "what if this happens" research. Federal Reserve seems blissfully unaware of groupthink.
@jacksteel15395 жыл бұрын
@@Ja50nkAt Yeah I know its sad
@indallion4 жыл бұрын
”Truth is like poetry - and most people fucking hate poetry.”
@animeloverfan189 жыл бұрын
He is telling the truth but the truth is easily forgotten in history. That is life.
@twiztidbagz9 жыл бұрын
+z ye Truth is Like Poetry, People Fucking Hate Poetry
@yoobettarecognize98709 жыл бұрын
+z ye In my opinion, the truth isn't forgotten. Have you observed what the general public knows about anything happening in the world today? I have friends who have Phd's in neurophysics, sociology, mathematics and everything under the sun...and they watch the Kardashians and could care less what is happening. But they're not the problem. It's the ignorant, uneducated masses who can't pick out a picture of who the Secretary of State is or what Citizens United is or what happend in Benghazi. THAT's the problem: Distraction due to apathy.
@ll-me7ve8 жыл бұрын
+Bob Villa haaa
@batfink2748 жыл бұрын
The truth is like poetry. and most people fucking hate poetry. overheard in a DC bar
@theundiscoveredcountry6 жыл бұрын
**distraction due to psychological warfare**
@alitlweird8 жыл бұрын
it's an incredible privilege to have access to this commencement address and to be able to listen to it whenever one chooses. Personally, I rank the importance and relevance of this speech almost as high as I would for any of Winston Churchill's wartime addresses to England. thank you, Dr. Michael Burry for these words of wisdom and your humanitarianism.
@6789uiop3 жыл бұрын
This comment holds up well in 2021... getting closer to hearing "Jenga".
@deyanneurbahn29742 жыл бұрын
It is appropriate in 2022 too.
@mEnttall1rIDardeT8 жыл бұрын
my first reaction was like "this bro is listening to heavy metal?"
@JonathanHilierChannel5 жыл бұрын
In my experience people that like metal are often calm, quiet, reserved people it. He fits the standard mould actually.
@mayankraj22944 жыл бұрын
@@JonathanHilierChannel .
@henrythehilux39634 жыл бұрын
@@JonathanHilierChannel I FUCKING LOVE METAL AND IM NOT QUITE... HEAVY METAL AND GRAPHS TILL I DIE
@THB1924 жыл бұрын
Yeah super normal.
@mateuschwarz4 жыл бұрын
as if metallica is heavy metal lol
@EspoVispo5 жыл бұрын
That old guy on the left is just rethinking his entire life
@SM-ol9nb3 жыл бұрын
He’s annoying the shot out of me
@yorkshireway1503 жыл бұрын
Exactly my thought!
@WestCoastJazzForever3 жыл бұрын
🤣🤣🤣
@llluqueeeАй бұрын
12:23 his nose too is thinking a lot
@Ready720003 жыл бұрын
Dude shorted 8.4 billion dollars of subprime mortgages against $100,000,000 in collateral! Talk about leverage! Balls of titanium to ride that in the red. Do you have any idea how hard it would be just to sleep when that trade is working against you? You have to be absolutely certain that you alone are correct and everyone else is both wrong and blind. Stunning and amazing!
@zinez2443 жыл бұрын
Watch this movie The big short
@gg232410 ай бұрын
With enough aderall you could hold through a 99% drawdown
@philosophicalliasons29217 жыл бұрын
I love...LOVE... that he didn't give credit to UCLA where they were only too happy to take credit, as if the education the university provided is what gave him the necessary skills to predict the 2008 crisis. He let it be known that he essentially self-educated and gave very little credit to the university. What in the hell does it say about our educational institutions that only one university economic graduate in all the world predicted the mortgage crisis? In fact what helped him to predict the crisis is the one thing that a university never teaches, and that's to always question authority and supposed expertise. The greatest teachers humbly encourage those that dare to question their supposed expertise, and they are few and far between. For the most part, our educational system encourages conformity, memorization, networking, working within the status quo, and questioning in so far that it gives a supposed "expert" a platform to praise one's own "genius".
@rtroybal6 жыл бұрын
Philosophical Liasons I want to say he’s not the ONLY one to predict the financial crisis. A lot of people did. He received a lot of notoriety because of the book and movie the “The Big Short”. Though he def figured it out pretty early like 4 or 5 years early.
@75apocalypse6 жыл бұрын
It's easy to read that you are jealous about him being a UCLA Alumnus! UCLA embraces questioning authority and going against the status quo! Read the following list of UCLA Alums who questioned authority: Jim Morrison, James Dean, Vint Cerf, Bill Walton, Francis Ford Coppola, etc, etc....
@davidhill19115 жыл бұрын
Universities teach you to conform not think for yourself.
@DaDankStrafe5 жыл бұрын
Look up a guy named Peter Schiff. Perfectly forecasted the crisis
@kaue4arp125 жыл бұрын
He's not alone in these realizations, though people like him tend to enjoy anonimity.
@plamindset11682 жыл бұрын
“It is as if we are dealing with the binary judgement of a fundamentalist religion”. 10 years later and this is starting to make a lot of sense
@Collinsgaming-12 жыл бұрын
Binary judgements from a minority who want us to accept that a non binary person is a real thing.
@ayushzaveri81935 жыл бұрын
Those last 30 seconds, it seemed, were straight from his heart. Imagine the difficulty of the decision to jump from one career to a completely unrelated one. Imagine having several people pressing you into allowing them to withdraw millions which would lead to your own bankruptcy. These are 21 minutes of pure intelligence and wisdom and I learned a hell lot from this.
@JackBoii3 жыл бұрын
As of 02/2021 US debt to GDP is roughly 135%, only 9 years after this speech.
@Godsfavouritechild_5553 жыл бұрын
Which is the most reliable source to confirm this from ?
@JackBoii3 жыл бұрын
@@Godsfavouritechild_555 if you look up the Fred website: Federal Debt: Total Public Debt as Percent of Gross Domestic Product (GFDEGDQ188S) you’ll get the numbers for Q3 2020.
@Godsfavouritechild_5553 жыл бұрын
@@JackBoii Thanks, seems like it has lowered now to 127%, also burry said he doesn't hate bitcoin but thinks that the governments will not let it exist as it poses a threat to dollar, but on the other hand it's the only unrelated asset and a hedge for inflation ( though it's volatile ) .. don't know what should an individual do to safeguard their capital.
@Godsfavouritechild_5553 жыл бұрын
@@JackBoii Also I just subscribed, sick channel dude!
@Great_PatBingsoo3 жыл бұрын
@@Godsfavouritechild_555 Wtf you mean you don't know what an individual should do to safeguard capital.... invest it? Lmao bro you don't know shit. Quit throwing around big words and learn the fundamentals.
@HAZE30473 жыл бұрын
Everyone is scared of the truth. This is an incredible speech filled with truth. Almost 9 years later and what he said here could not be becoming more true.
@6789uiop3 жыл бұрын
Agree. Some people adapt to change readily, many don't buy it as a wall of evidence falls on them. I'm some not others, gratefully.
@levyan47182 жыл бұрын
The repercussions of the 08 crash have yet to be felt
@AldiTVFan2 жыл бұрын
yeep
@TheJohnc51483 жыл бұрын
This commencement speech is under-rated with only 617,000 views. For me, it pinpoints the root of most failures: the inability to think critically which, education fails to cultivate whilst, for the most part, it rewards rote learning.
@polarisjustdothework22582 жыл бұрын
Dr. Burry is underrated
@m_davis222 Жыл бұрын
I come back to this video a lot
@MrDuds19845 жыл бұрын
45 down votes from Goldman Sachs directors
@adamfattal4683 жыл бұрын
And transgenders
@drunkntigr3 жыл бұрын
2021: Another 63 downvotes from Melvin capital and Citadel.
@donwhizz7880 Жыл бұрын
What bothers me about this situation is the fact that the news and media are all going about a recession which is understandable due to the war and pandemic but still the same media still publish articles about folks in the same economy pulling off hefty 6figure profit(Averg. 200k in barely 8weeks) in this downtrend how is that possible?
@josephlee4001 Жыл бұрын
I've come to realize both bear and bull market provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself
@onwugharablessing8264 Жыл бұрын
well good for you buddy, your market knowledge paid off. I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?
@onwugharablessing8264 Жыл бұрын
thank you for sharing; I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes
@Mykeepersbrother Жыл бұрын
It means the whole thing is rigged as hell.
@TheBoswellk8 жыл бұрын
I like the guy before I heard this; now I like & respect him.
@ryccoh9 жыл бұрын
I wish I could have a conversation with him about what's going on in our economy right now..
@ryccoh8 жыл бұрын
***** So who do I short lol jk
@ryccoh8 жыл бұрын
***** Thanks man
@1compaqedr88 жыл бұрын
Would love to hear his thoughts on the economy post trump
@kevinparsley68067 жыл бұрын
what is going on in the economy for the foreseeable future has nothing to do with trump. and i am certain he would tell you that.
@KickingGeese7 жыл бұрын
Kevin Parsley 1compaqedr8 Here's what I can see about Trump... from what i can tell so far, what happened in 2008, at least politically, is a loss of confidence in the financial system. a HBO movie called Too Big to Fail gets more into this. the govt intervened primarily to calm the markets so there wouldn't be further runs on the bank. the markets calmed due to the gov't intervention and years of "quantitative easing" that followed. QE was really a con game... con for confidence. Lots of money was printed but not much inflation from it because the money remains parked on a balance sheet at the FED. All that said, the markets were calmed in 2008/09 because the government calmed them with their bazooka, the next crisis will be because of a loss of confidence in government. Back to Trump, the FED has signaled it will unwind it's balance sheet (worth TRILLIONS in crap it bought) AND we've known 2017 would be a debt ceiling shitshow since 2015. I'd say a loss of confidence in government would be inevitable no matter who was president. Though Trump is trying real hard with MAGA and all.
@myohan772 жыл бұрын
10 years later, this same smart man and others like him, wouldn’t be invited back anywhere near the academic campus, let alone give a commencement speech. We’ve learned nothing.
@WarbossPepe2 жыл бұрын
why do you think that?
@nathanielme26222 жыл бұрын
@@WarbossPepe Well it is because the person that delivered the graduation speech at my school half-decade ago was given by someone that 90% of the American population recognized instead of someone that actually achieved a level of expertise in math/science (with the single minded pursuit of being right to back it up) that may very well be near impossible to replicate. If the person that gave your speech at your graduation at your target school (umich and above) was a Kardashian rather than Bob Sternfels, do you think we as a society have learned to follow a person based on what they are vs who they are?
@dukebaloof25402 жыл бұрын
@@nathanielme2622 Yeah, but graduation ceremonies are about pomp and pageantry bro, they're not really supposed to intellectual or instructive. After working your ass off for four years you're entitled to some celebrity entertainment! But I'd be pissed if that celebrity was a Kardashian, the host still has to have more credibility than that.
@Lestarchick25 жыл бұрын
Brilliant man. I wish I was more like him. Everyone doubts the true geniuses in the beginning until they change the world.
@oopsydoodles57942 жыл бұрын
I wish he had a single brother lol 😆
@johngraves24174 жыл бұрын
This needs WAY more views.
@scottwilliams5873 Жыл бұрын
Listen to these words, just as true in 2023 as they were in 2012!!
@rohitpadbidri76505 жыл бұрын
Best life investment strategy by Burry....hit the button again and again on short term risks and long term benefits !!! Never stop asking questions
@noeldown19528 жыл бұрын
Wow. Christian Bale did an awesome job. Sure, he took it to extremes and added a bit of Asperger's to the mix, but the core of Michael J. Burry is definitely there.
@manonthegoodstuff7 жыл бұрын
Noel Down oh the actually Michael burry has diagnosed himself with Aspergers. If you didn't know. :)
@crohero10006 жыл бұрын
Tony Davidson You probably haven't read the book where it is explained how he diagnosed himself. His son's teacher told him and his wife that he is acting little bit strange and that maybe they should see a therapist so they can see what's going on, they did and his son was diagnosed with Asperger's. As he started to read more on that topic he realized that he is reading about himself which really shocked him because he thought that what shaped his behaviour the most is his glass eye. Then he realised his eye couldn't explain some parts of his behaviour and wished he hadn't read about Asperger's.
@nathanbell83565 жыл бұрын
@Azmon Rougier What's he supposed to do? Throw up the double horns and start brushing his teeth in the middle of the speech?
@Scorch4285 жыл бұрын
So Mike Burry of San Jose, a guy who gets his hair cut at SuperCuts, and doesn't wear shoes, knows more than Alan Greenspan and Hank Paulson?
@spdcrzy4 жыл бұрын
@Azmon Rougier keep in mind the Big Short was also set five to six years prior to this speech.
@akal12364 жыл бұрын
That gave me chills. Burry is the man.
@CheckThisOut772 жыл бұрын
Great talk by a guy who earned the right to give it. Key Points: 1. You, as an individual, have the power for your future. Don’t look to the group. 2. UCLA did not prepare him for success. 3. Do not compromise yourself by making decisions based on short-term gains (with long-term consequences).
@subbuboyracer3 жыл бұрын
Salutes to Dr. Burry. Thats y thousands years ago, In Indian literary book Geetha, its written that "Do your duty with sincerity, returns will follow you now or later, but guaranteed". (Karam kar, phal ki apeksha mat kar).
@mutopz2 жыл бұрын
He is truly the 1%. Not in terms of wealth but in terms of enlightenment.
@justadude58282 жыл бұрын
err maybe even a couple standard deviations to the right of 1%...
@JohnGalt65332 жыл бұрын
Sept 9,2022 .... Dr Burry is once again calling all who will listen that the storm of our generation is here. How many will heed the warning? Good luck, as this great cycle comes to an end.
@woran50157 жыл бұрын
"I did not tap dance to work." That was quite a reference.
@habibbialikafe3393 жыл бұрын
what is the reference?
@wood17933 жыл бұрын
A reference to a book about Warren Buffett “Tap dancing to work”
@dragons100004 жыл бұрын
Imagine being the only one betting AGAINST the big banks? This dude knows his capabilities for sure.
@Skankhunt420.4 жыл бұрын
The US Debt to GDP ratio is currently 122%. Closing in on Greece at 160%
@Sirius-me5zy Жыл бұрын
We need to listen to this at least once a year
@tjejojyj6 жыл бұрын
For some reason I thought his PhD was in economics but now I understand that would have probably trained the critical inquiry right out of him.
@True385 жыл бұрын
If anything, he probably would be even more critical. Getting a PhD is no joke, and you have to be highly critical of every single thing all the time.
@True385 жыл бұрын
@Azmon Rougier You must be poorly educated to think in such terms. Nobody with a Masters degree or a PhD would ever make such ridiculous claims...
@True385 жыл бұрын
@Azmon Rougier If being indoctrinated is a fact, then so is critical thinking. I'm sorry bud, but you really have no clue what you are talking about.
@True385 жыл бұрын
@Azmon Rougier If throwing insults is your only response, then I rest my case.
@True385 жыл бұрын
@Azmon Rougier So yeah, I didn't read any of that and it's quite clear you have issues. I find your assumptions amusing though, claiming higher educated people are not able of critical thinking when its critical in itself to be able to think critically, especially when you are working on your thesis. That is even encouraged from the start by the teachers, but it goes without saying... Get educated, son :)
@yorkshireway1503 жыл бұрын
I watched 3 times, 2 times to listen and understand Mr. Burry. And 3 rd time i only watched man in black left behind Mr. Burry. That man is living meme life 😂😂😂
@gaiusjuliuscaesar32047 жыл бұрын
I really like the story of this guy... All the scrutiny on him is such a big lesson about government and human nature
@DinaStrange12 жыл бұрын
Great and honest speech. I love his integrity, thank you M. Burry for saying things as they are.
@isakyttredal10648 жыл бұрын
You americans need a president like this!
@in4moon8 жыл бұрын
I would vote for him if I was a US citizen
@in4moon8 жыл бұрын
shit runs so deep ... he might be the saviour the world needs
@OzzyCat169 ай бұрын
His words ring more and more true as time carries on
@jordan7714 жыл бұрын
The two Professors at the back are actually the two Agents from the Matrix. 😎
@mebusybee6 жыл бұрын
Thank you for recording this and making it available here.
@rossjefferies64684 жыл бұрын
“Face another recession in your 20s” looks like he was right again.
@ImranAli-qj4ir4 жыл бұрын
Goddam right
@RolyTheHolyPaladin3 жыл бұрын
So right it sends chills down your spine. He's very gifted, wish there was more interviews/content from him so we could learn more. A wealth of knowledge in that mans brain that is for sure.
@keithohanlon61913 жыл бұрын
@Hugeative haha are you serious? Take a closer look...
@Juznik13893 жыл бұрын
That one isn’t the one he is talking about. That was just pandemic driven. Just imagine what will happen when what we experienced last year, was just a bit of what is about to happen
@presidentfist27873 жыл бұрын
@@Juznik1389 its possible that there was a recession coming anyway. The bond yield curves were already inverted in 2019. It was almost as if they predicted the pandemic
@Darkclaw007009 жыл бұрын
Christian Bale is going to portray Michael Burry amazingly well. Can't wait for The Big Short movie
@twiztidbagz9 жыл бұрын
+Franks Al Ghul Bale did a REALLY good job. It was one of the best movies of the year, and way better than "Margin Call"
@sbrooks9049 жыл бұрын
+ArtjomGlad infinitely more entertaining
@ruthcrossett75919 жыл бұрын
awesome movie, go see it
@Eradicus9 жыл бұрын
+ArtjomGlad Burned him and he didn't even know it.
@daksh67524 жыл бұрын
Gained so much more respect for burry from this speech. His lessons from being a physician and at wallstreet ultimately helped him to be a great individual. ++
@humbertoalvesdelimabollini116710 жыл бұрын
Inspiring! Courageous! Honest! Genial! A speech to take for life!
@canefan178 жыл бұрын
Great speech. Right to the point without a phony comedy act, etc.
@mambofury3 жыл бұрын
It would have been a great honor to see Dr. Burry speak in person. The message in this speech is strong and powerful for those who are willing to listen.
@levyan47182 жыл бұрын
You ain't smart enough
@orthopraxis2354 жыл бұрын
Does anyone else see the irony in the sunglasses the regents, or whomever academic luminaries behind him, put on as soon as he basically started telling the story?
@barbarajordan73762 жыл бұрын
6-4-22____Thank You Dr. Burry. History is about to repeat 10 fold. Brace for impact.
@noonecares379 Жыл бұрын
14:01 "I bet against America and won." That's gotta be the greatest flex of 21st century.
@markmalley841912 жыл бұрын
When a president is elected, Michael Burry should be appointed to a position of great influence, and listened to. Humble, truthful, inciteful, and beyond reproach in his ability to state facts that are already affecting our present and will our future. Wake up America! If you have not already done so, begin influencing our politicians NOW.....
@sammiller5525 жыл бұрын
I want Michael Burry and Jim Rogers to talk about agriculture and farmland and explain why it is a good place to put your money
@michaelrodriguez33293 жыл бұрын
I believe it's called .... food shortages
@chendavid95822 жыл бұрын
It's not what you don't know that brings disaster, it's what you take for granted but is wrong, or what you know that is right but being ignored selectively.
@gwyoung3509 Жыл бұрын
Where is that from?
@santiagosala95054 жыл бұрын
Wonderful speech. So much respect for this man. It's our responsibility to not let them re-write history, and to make sure the truth about what happened (and is still happening to this day) is not forgotten.
@janis00852 жыл бұрын
''I begun to doubt the traditional education''. Look at those faces at the background when he said that 🤣
@alexanderkundrat12 жыл бұрын
the two guys in the back have an unlimited amount of swag
@michaelrodriguez33293 жыл бұрын
😆😆
@ronanli90053 жыл бұрын
I am a big fan of Michael Burry. Hope one day I can be the investor of his firm. How can his investors not trust him?
@j03franks3 жыл бұрын
05:50 "when the entitled elect themselves, the party accelerates, the brutal hangover is inevitable." great quote
@mailvijay889 жыл бұрын
Dr. Michael J. Burry...such an awesome person..what a speech...
@nikcodavis63406 жыл бұрын
Definitely words to live by. I'm gonna forward this to my son who will graduate from high school next year. Thanks Doc you're awesome m!
@Leah-fi5ee4 жыл бұрын
This guy is just incredible. I love how Christian Bale played him too, even if he highly exaggerated his body language into something almost entirely different. Both characters are great in unique ways and in my eyes don't need to be identical.
@tyreveen78989 жыл бұрын
Great words from a brilliant thinker!
@dwood20103 жыл бұрын
Dude has balls calling out the government and FED during a graduation speech. He should be chair of the FED, not Powell.
@laronda102 жыл бұрын
We could only dream
@polarisjustdothework22582 жыл бұрын
Right!!!!
@jessenichols81782 жыл бұрын
We do not need a Federal Reserve, that is the entire point. The existence of such a group is the reason the corruption is standardized in Washington DC. No one thinks that the day will come when they will not be able to pay our debt with more debt. The printing press is eternal for them.
@polarisjustdothework22582 жыл бұрын
@@jessenichols8178 right?! Along with stupidity 🙄
@khalidalali1865 жыл бұрын
He’s the youngest looking 41 year old white man I’ve ever seen. No cracks at all.
@aliali-ce3yf3 жыл бұрын
moisturize
@denak92493 жыл бұрын
And it must be extremely stressful being a hedge fund manager
@batfink2748 жыл бұрын
Wow! That's some hardcore truth right there ladies and gentlemen. welcome to the world children, good fucken luck!
@fun2badult6 жыл бұрын
Wow, I was watching clips of Big Short today and never knew Michael Burry was from UCLA! More respect
@kevinkang44274 жыл бұрын
Anyone here watching from the Coronavirus crisis?
@TheBacknblack924 жыл бұрын
Nothing else to do but watch videos of better times when the only thing stopping us was our own stupidity
@jayyu21744 жыл бұрын
@@TheBacknblack92 the thing stopping us again is our own stupidity. Were in a similar situation to the GFC, man made again (coronavirus just set it off). Were about to experience a global debt crisis that will most likely be worse than 2008. Economics Explained just released a new video laying out, definitely worth checking out. Also if your looking to make any Michael Burry plays, he just bought an even larger stake in Tailored Brands and its dirt cheap right now.
@jhonalparra73994 жыл бұрын
Jay Yu what kind do you mean by tailored brands
@johnrexer57014 жыл бұрын
Yep
@andrewfoster16414 жыл бұрын
Consumer credit leverage is certainly an analog to the MBO crisis. Better news is the liquidity is being delivered to individuals at the start.
@DoWork88068 жыл бұрын
The shits going to hit the fan bigger then 2008
@TheArizonaTea6 жыл бұрын
Two years later...
@silent33964 жыл бұрын
Intelligence is overrated and integrity is underrated
@violarulez3 жыл бұрын
clear thinking requires courage rather than intelligence
@coffeemaddan Жыл бұрын
Insightful. An honest and brilliant mind at work.
@253d53 жыл бұрын
ONE OF THE GREATEST SPEECHES OF ALL TIME. ALL TIME. ALL TIME.
@nemok99059 жыл бұрын
He is always generous.
@daniel235544 жыл бұрын
Wow! We need more investors and economists like Dr Michael J Burry!
@Shiro6424 жыл бұрын
You know someone is speaking facts when everyone is squirming in their chairs
@dexearth24622 жыл бұрын
Never stop learning and never stop asking questions.
@wo11624 жыл бұрын
"Every mistake becomes legendary after you succeed"-------jack ma Michael was exceptional student😂😂0:31
@Leopardosx4 жыл бұрын
10 ten years later. Here we are, in our twenties and facing a recession. Not from debt itself but debt will play a factor in how slowly the recovery will be.
@jemimus4 жыл бұрын
I like how the bored ghost of George Carlin is just chillin in the background
@latenightorgandonor3 жыл бұрын
How The old man with glasses
@jaymata12183 жыл бұрын
Glad to even have access to this.
@Scorch4285 жыл бұрын
Guy looks like he gets his hair cut at Super Cuts...
@trevors.59225 жыл бұрын
"So youre saying im wrong and youre the one with no shoes and look like you get your haircut at supercuts".
@notsahsoj51554 жыл бұрын
you have a nice haircut, did you do it yourself?
@ToxicCityOfficial4 жыл бұрын
Quarantine cut.
@kemchobhenchod4 жыл бұрын
He cuts his own hair
@Smithy2504 жыл бұрын
Who cares when he's that smart and rich lmao.
@toddbauer775710 жыл бұрын
"Please check your premises. You have contradictions before you". He reads Ayn Rand books.
@eriklee94629 жыл бұрын
+Todd Bauer Good one. My nugget was"..the dark ages of finance offers no such light.."
@cesarfarfan33907 жыл бұрын
Todd Bauer He reads a shit-tone of books. So many references in here
@latenightorgandonor3 жыл бұрын
YEAH!!!
@grady161012 жыл бұрын
I was a residential bricklayer throughout the housing bubble. All the while I stood in awe at all the money people are spending on homes. I was earning an easy $1,000/plus wk and no way I thought I could do it. I had no economic training to back up my concern other than the gut feeling that this just can't be right. Hind sight is 20/20. We should have went into a recession at end of Clinton era. Instead we got Glass Steagal repeal and dereg of Derivatives. Rest is history....Thanks Bill ~
@adamgdev5 жыл бұрын
How are there not more views on this video!? Epic speech!
@Crypto-G Жыл бұрын
Michael's Twitter sent me here. Damn, how he called these things. Top G 🥰
@stpaulmercantile12 жыл бұрын
I agree that precious metals may go down in price along with other commodities, primarily because the paper markets for the metals is perhaps 100 times as big as the actual metals themselves, and as investors start losing money in stocks and bonds, many will sell their paper metals holdings. This will reduce the paper price of gold and silver. I think we will see a divergence between the paper price of gold and the physical metal, though. And gold and silver will be highly valued (continued)
@luisarredondol11 жыл бұрын
No problem for me to understand and enjoy his speaking ... In fact, this is the best commencement speech I have ever seen (after Steve Jobs') ... And English is not even my native language ...
@35DONZI8 жыл бұрын
dr burry what a mind
@themanfromearth766 жыл бұрын
michael burry for president
@whiskymarko6 жыл бұрын
if that would be the case, US would dominate the world even more, in a good way
@Erichhh7 жыл бұрын
6:52 Phenomenal advice.
@justinballard16642 жыл бұрын
He didn't give a commencement speech, but a wake up call lol.
@ahmedhishamitshii3 жыл бұрын
Did i just see the most brilliant sincere economist ❤️
@Obbsserver12 жыл бұрын
@TheTime4solutions - Burry's firm was named Scion Capital. Wikipedia:- 'The company was named after The Scions of Shannara, a favorite childhood book', Nothing to do with zionism, one way or the other.
@skahler2 жыл бұрын
I love how he straight up accidentally goes off on a tangent about irresponsible government spending
@PhillyFan764 жыл бұрын
Wow, first time ever hearing this dude speak... based off his appearance alone, having never heard him speak (or seen The Big Short), I assumed he’d have a deeper, more stern voice... definitely caught me off guard
@Hellnation133 жыл бұрын
I love this doom sayer. He’s so realistic.
@denatural94183 жыл бұрын
thats a doom slayer
@alitlweird3 жыл бұрын
#Pragmatist
@rezgarklv51042 жыл бұрын
Great speech! Should listen to it weekly just to remind myself of reality
@TruthMattersMan9 жыл бұрын
S&P and Moodys should be charged.
@habibbialikafe3393 жыл бұрын
ppl said it was wall st, but these ppl were the real crooks
@TELEVISIBLE8 жыл бұрын
damn , being smart like him must be nice!
@btvbrndn6 жыл бұрын
TELEVISIBLE also scary not having blissful ignorance
@marindraganov58976 жыл бұрын
It is both a bliss and a curse at the same time: because a man like him has to fight everyone [his own investors he had made very, very rich, hated him even when he delivered like 1000% profit to them]. Not to mention making enemies at the the government agencies and at the Wall Street powerhouses. Remember "Matrix" (1999) movie when Neo got out of the matrix. When he came back to the Matrix again, everyone on the streets started fighting him taking the shape of one the Agents. The same is true in real life. It is that bad! Being different (no matter how right and truthful you are) is the single most difficult to do on this earth. In religion Jesus Christ is the prime example for that. Still be BRAVE, have FAITH and DO what's need. Amen.
@trevors.59225 жыл бұрын
Aspergers syndrome is a terrible curse. I was born with it like burry but probably not as severe, I didnt speak until I was 12. At the end of the big short it says "I found my wife on match.com and my caption said " im socially awkward, I have a pre med degree with 145000 in student loans debt, and she said youre just what im looking for'". I have had hideous girlfriends and have never had a friend for more than four years
@Will-kl5ri4 жыл бұрын
Trevor S. Christ I’m sorry
@basilhalaseh2323 жыл бұрын
Who is here after the Game stop stock stuff!
@zdelacruz62963 жыл бұрын
he made millions off it...lol...just like he made millions off jack n the box, michaels during the pandemic...and the housing collapse. this guy is legendary.