The (Next) Big Short: Current Investments of Michael Burry and Steve Eisman Financial Glossary

The (Next) Big Short: Current Investments of Michael Burry and Steve Eisman

Instead of writing the 8,449th review of this book, my question was what are these characters betting against now? Now, this doesnt necessarily mean I think theyll be right, but Im still curious.

Michael Burry, Scion Capital Burry no longer accepts money from outside investors (he doesnt need to), but still invests at using his own money. He doesnt write a blog or release his recent letters to shareholders to the public, except for a few old ones. He did make a April 2011 lecture at his alma mater Vanderbilt University entitled where he sees continued problems with the government printing too much money and not tackling our current fiscal problems.

The governments borrowing of money for the purpose of injecting cash into society, bailing out banks, brokers, and consumers, is a short-sighted, easy decision for a population that has not yet learned that short-sighted and easy strategies are the route to long-term ruin.

He ends his speech with the ominous advice All that said, I might suggest opening a retail banking account in Canada. Im not even sure thats possible to do as a U.S. citizen is it?

From this of a September 2010 interview with Bloomberg, he states that he believes that productive agricultural land with water on site is will be very valuable in the future, he is bullish on gold due to currency debasement, but he doesnt have a good feel for the timing of things as it could take a while to play out.

Steve Eisman, FrontPoint Partners Eisman left FrontPoint in June 2011 and is reported to start his own hedge fund Emrys Partners in 2012. He has gotten the most publicity in recent years for shorting the stocks of certain for-profit colleges taking advantage of easy credit from government student loans. Basically, people who cant get into traditional colleges are pitched a great future and convinced to take out large amounts of debt that they cant pay back, all so these pseudo-accredited colleges can profit. Sound familiar? From a :

Until recently, I thought that there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the subprime mortgage industry. I was wrong. The for-profit education industry has proven equal to the task. [...] This is similar to the subprime mortgage sector in that the subprime originators bore far less risk than the investors in their mortgage paper.

I also looked for information on Charles Ledley and James Mai of Cornwall Capital, but really didnt come up with much. They have a , but there is nothing to see for the public.

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