Dr. Michael J. Burry at UCLA Economics Commencement 2012

2012 UCLA Department of Economics Commencement featuring Dr. Michael J. Burry as keynote speaker
Keywords: Dr. Michael Burry, UCLA, Economics, Graduation 2012, Scion Capital Group, LLC

[indallion]

”Truth is like poetry – and most people fucking hate poetry.”

[StillStealSteel]

This guy is consistent. He's dropping debt to GDP ratios during a commencement speech. That was great.

[williamevans]

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.

[animeloverfan]

He is telling the truth but the truth is easily forgotten in history. That is life.

[mEnttallrIDardeT]

my first reaction was like "this bro is listening to heavy metal?"

[JackBoii]

As of 02/2021 US debt to GDP is roughly 135%, only 9 years after this speech.

[plamindset]

“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

[Ready]

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!

[alitlweird]

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.

[philosophicalliasons]

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".

[EspoVispo]

That old guy on the left is just rethinking his entire life

[ayushzaveri]

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.

[MrDuds]

45 down votes from Goldman Sachs directors

[HAZE]

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.

[TheBoswellk]

I like the guy before I heard this; now I like & respect him.

[donwhizz]

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?

[TheJohnc]

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.

[ryccoh]

I wish I could have a conversation with him about what's going on in our economy right now..

[woran]

"I did not tap dance to work."

That was quite a reference.

[myohan]

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.