Michael Burry’s
Michael Burry, also known as , was born on June 19, 1971, in San Jose, Calif. Michael Burry’s is estimated to be worth $300 million.
He was diagnosed with retinoblastoma when he was two years old, and he lost his left eye. It’s an uncommon type of cancer that emerges unexpectedly during early development from underdeveloped cells on the retina, therefore his left eye was replaced with an artificial one.
Michael Burry’s Early Life & Education
Michael Bury grew raised in San Jose, California, and went to Santa Teresa High School. He then enrolled in the University of California, Los Angeles, where he studied economics and pre-medical studies.
He then received his doctorate (MD) degree from Vanderbilt University School of Medicine, which is located in Nashville, Tennessee. Finance had always been his main passion, therefore he began working as a part-time financial investor while off duty.
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Michael Burry’s Investment Career
Soon after, Michael was working as a doctor in the department of pathology and neurology at Stanford Hospital before leaving to become a full-time financial investor and founding his own hedge fund.
Michael Bury was already a well-known value investor when he left his employment. He consistently picked the appropriate stock and profited.
Michael Bury’s success with stock recommendations piqued the interest of Vanguard and White Mountain Insurance Group, as well as notable investors like Joel Greenblatt.
Michael Burry is currently a doctor, hedge fund manager, and angel investor.
Building A Net Worth Of 300 Million
Michael founded his own hedge fund, Scion Capital, in November 2000, with investment from his personal assets and family. He began producing significant gains for his investors shortly after the company’s establishment.
Scion Capital’s average return on investment in 2001 was approximately 55%. In 2003, the overall market share increased by 28.69%, but Michael Burry’s excellent decision outperformed the overall market growth, resulting in a 50% overall return for the year.
By the end of 2004, he was managing $600 million in Scion Capital. Your expertise always pays off! Between November 2000 and June 2008, Michael’s Scion Capital generated a total return of 489.34%
Burry achieved a personal profit of $100 million USD, while his investors profited $700 million USD from their investment in credit default swaps.
Michael Bury temporarily closed his company and liquidated all of his holdings in 2008, before shifting his attention to personal investing. Had he not closed his company, it would have gotten financial assistance from the US government during the 2008 and 2009 recessions.
Michael Burry relaunched his company, renaming it Scion Asset Management this time.
Personal Life OF Michael Burry
Michael James Burry was born in 1971 and grew up in San Jose, California. When he was two, he lost his left eye to retinoblastoma, a rare type of cancer.
He has been using a prosthetic eye ever since.
Burry received his bachelor’s degree in economics from the University of California, Los Angeles, where he also studied pre-med. He went on to earn an M.D. from Vanderbilt University School of Medicine before beginning neurology and pathology residencies at Stanford university. During his education, Burry spent his spare time investing. Despite leaving Stanford after his third year of neurology residency at Stanford University Hospital to focus full-time on investing, he maintains his licensure with the Medical Board of California by
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