Bloomberg TV Presents: Bloomberg Risk Takers With Michael Burry, Predictor Of Mortgage Collapse

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Airing Tuesday, July 19th at 9pm ET/PT
“I said, home prices can't go up anymore. Income wasn't doing enough to support it and home prices would start to fall. And that's why I just essentially made it the big, largest investment of my life.”
– Michael Burry
"Who's going to listen to John Paulson in 2005, 2006 or to Mike Burry? It didn't mean anything. Look at me, I was wrong on it too."
- Warren Buffett Tomorrow night at 9 PM/ET and PT, Bloomberg Television's "Risk Takers" explores the extraordinary story behind Michael Burry, who successfully predicted the U.S. real estate crash and generated nearly a billion dollars in profit. In a rare sit-down with Bloomberg Television, Michael Burry describes how his artificial eye, and diagnosis with Asperger's Syndrome, helped contribute to his "natural state as an outsider" and his almost obsessive commitment to research. Bloomberg TV explores whether Burry was a risk taker who got lucky or one of the smartest investors of our time, able to predict the failure of the housing bubble at a time when most Americans thought home prices would rise forever. Learn from industry experts and analysts about how Burry's unorthodox business style and failure to communicate with investors nearly cost him his fortune, before the 2007 market crash proved all of Burry's housing predictions correct and generated nearly 427% returns on his massive bet against subprime mortgages. Featuring interviews with: Michael Lewis, author of the bestseller The Big Short: Inside the Doomsday Machine; Michel De Buono, former analyst at Burry's hedge fund Scion Capital; Jeff Madrick, author of Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present; Bloomberg News reporter Bob Ivry and hedge fund founder Kip Oberting.
Watch the preview hereAbout Bloomberg Risk Takers:
“Bloomberg Risk Takers” is a new series that looks at a new generation of entrepreneurs who have taken a gamble, faced down failure, and revolutionized the way the world does business. How did they do it? Featuring JetBlue founder David Neeleman, investor Michael Burry, sports agent Scott Boras, public policy maker Michelle Rhee and entrepreneur and Tesla Motors Inc. CEO Elon Musk. Airing Tuesdays at 9P ET/PT.
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Posted In: NewsHedge FundsMediaGeneralBloomberg TelevisionMichael Burry
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