'Big Short' Fame Investor Michael Burry Says He Was A 'Nobody' In College: Here's His Survival Strategy

Zinger Key Points
  • Michael Burry said his time at UCLA wasn't easy.
  • The legendary investor advised others in similar position to 'just keep swimming.'
  • Burry shared a video in which he said the 2008 crisis was predictable.

“The Big Short” fame investor Michael Burry said during his time at the University of California, Los Angeles he was a “nobody” with “no good friends.”

What Happened: Burry’s post on Twitter was aimed at those who are “lonely in college.” He said, “I was a nobody with no good friends. I kept in touch with no one from back then. No it wasn't easy. I didn't know what was wrong with me.”

Burry advised those who found themselves lonely in college to “just keep swimming” in order to persevere.

See Also: 'Big Short' Investor Michael Burry On How Current Market Differs From Dot-Com Bubble Burst: 'Only Way Out Is By Trampling Each Other'

The hedge fund manager and physician also shared a YouTube video of his address to the 2012 graduates of UCLA.

In the video, Burry, who is famous for predicting the 2008 financial crisis, told the graduates that they will face another great recession during their 20s or during their 40’s a “U.S. debt to GDP ratio exceeding 200 percent.” He later said, “I think you face both.”

Why It Matters: Burry told the graduates that from his perspective it was tragic because “the financial meltdown was both predictable and preventable” and it was not a “black swan” event. 

The investor said while he knew what was coming, he did not “tap dance to work.” He said that he had “bet against America and won.”

Burry warned graduates that over the course of their lives, they will experience “withering but steady attacks” on the quality of their life as the government attempts to “manage its faltering finances.”

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Posted In: NewsEducation2008 Financial CrisisMichael BurryThe Big ShortUCLAUniversity of California Los Angeles
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