Michael Burry, Real-Life Market Genius From The Big Short, Thinks Another Financial Crisis Is Looming
[{"id": "cym1wpu", "text": "Money manager predicting market downfall like it isn't another part of the inevitable market cycle... Color me shocked ", "replies": [{"id": "cyn0teg", "text": "Burry is well spoken. \"The enablers for this crisis were varied, and it starts not with the bank but with decisions by individuals to borrow to finance a better life, and that is one very loaded decision. This crisis was such a bona fide 100-year flood that the entire world is still trying to dig out of the mud seven years later. Yet so few took responsibility for having any part in it, and the reason is simple: All these people found others to blame, and to that extent, an unhelpful narrative was created. Whether it\u2019s the one percent or hedge funds or Wall Street, I do not think society is well served by failing to encourage every last American to look within. This crisis truly took a village, and most of the villagers themselves are not without some personal responsibility for the circumstances in which they found themselves.\"", "replies": [{"id": "cyqphju", "text": "He is well spoken. And I like where he says: &gt; I am less impressed with the market values assigned to technology that enhances distraction. \n\nTo me this also sounds like how we as a society will pay an athlete tens of millions to hit a grand slam with a football from the 3 point line, all while funding pie for our public institutions becomes smaller and smaller. \n\nMaybe not the perfect analogy, but I think it speaks broadly to what we'll accept and where our priorities may lay. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]