/biz/ - Business & Finance

[Anonymous No.53617434]

New Burry tweet

[Anonymous No.53617465]

>>53617434
How is he posting in July? Lmao

[Anonymous No.53617467]

>>53617434
what a faggot

[Anonymous No.53617470]

>>53617434
What does it mean?

[Anonymous No.53617492]

>>53617465

[Anonymous No.53617493]

>>53617465
OP is a mutt so the dates are retarded

[Anonymous No.53617510]

>>53617465
Non-American users see the day first. It's how they roll.

[Anonymous No.53617529]

>>53617465
Kek

[Anonymous No.53617551]

>>53617465

[Anonymous No.53617563]

>>53617434
>just two more weeks

[Anonymous No.53617604]

>>53617465
Time Machine.

[Anonymous No.53617626]

>>53617493
isn't*

[Anonymous No.53617648]

Thoughts on investing into crypto index funds?

[Anonymous No.53617682]

>>53617470
I think he's comparing March 2002 to where we are now on the s&p. People probably thought the market was recovering at that time.

[Anonymous No.53617685]

>>53617493
Is there a more deluded creature on this planet than the eurokek?

[Anonymous No.53617784]

>>53617626
yea im retarded
>>53617685
benelux L

[Anonymous No.53618058]

>>53617648

[Anonymous No.53618086]

>>53617685

[Anonymous No.53618177]

>>53617470
he went full autist

[Anonymous No.53618204]

>>53617434
I thought that retard deleted his account

[Anonymous No.53618239]

>>53618204
He does, like every couple of weeks.

[Anonymous No.53618246]

>>53618239
but wht

[Anonymous No.53618899]

>>53617470
death heartbeat aka he's dead Jim

[Anonymous No.53618900]

>>53617465
…

[Anonymous No.53619201]

Burry started the hedge fund Scion Capital, funded by an inheritance and loans from his family. He named it after Terry Brooks' The Scions of Shannara (1990), one of his favorite novels. He quickly earned extraordinary profits for his investors. According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. Scion was up 55%. The next year, the S&P 500 fell again, by 22.1%, and Scion was up again: 16%. The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. By the end of 2004, he was managing $600 million and turning money away." Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble.

[Anonymous No.53619306]

>>53619201
In other words, he's way smarter then every smoothbrained /bizlett/ here combined and people should probably head his warning. It's time to short everything

[Anonymous No.53619377]

>>53619306
he's autistic and willing to pay double digit apr funding for 5 or more years in order to see his theses play out. there is nothing about this dude you want to emulate

[Anonymous No.53619410]

>>53619306
>It's time to short everything
you know you can look up Scion open positions right now, right? dumb fucks like you will probably be surprised to see that he has a lot of longs open at all times

[Anonymous No.53619441]

>>53617685
did you expect anyone to read that?

[Anonymous No.53619577]

>>53617685
Whoever wrote that wall of text is truly a midwit. You can’t divide a meter in 3 because you get decimals? Really???
Do you really need a marking on your ruler because you can’t make basic algebra in your head? Amerimutts are truly retarded.
Yeah now you don’t have to divide by 3 you have to remember all these random conversions between foot leg arm inches ounces cups tablespoons fluid ounces, nigger dick length, it’s so easy compared to a simple fraction, remembering all these stuff is much more simple and natural, how else are you going to measure the corn syrup you put in your hormone filled beef drenched in antibiotics?

[Anonymous No.53619586]

>>53619410
Thats called hedging fagmo. I wouldn't even consider taking your advice over his. You little/bizletts/ are so deluded

>>53619377
>there is nothing about this dude you want to emulate

he's uber rich, you are uber poor and literally retarded.

[Anonymous No.53619726]

>>53617434
explain this to me like i wear a mask in the park

[Anonymous No.53619766]

>>53619726
Line go up
But sometime line go down
Look at chart hard
Q

[Anonymous No.53619805]

>>53619306
>/bizlett/
hello newfag

[Anonymous No.53619817]

>>53619577
>I would like this stick cut to 1/3rd of a meter
>That's physically impossible
>the stick would be 0.33333 repeating indefinitely in meters

[Anonymous No.53619836]

>>53618058
>We didn't put Ethereum in the picture because... Well because it stinks!
BTC tards will never let us live in harmony

[Anonymous No.53619873]

>>53619577
At least we have food

[Anonymous No.53619898]

>>53617434
What the fuck is he trying to say? WHat the fuck does this mean?

[Anonymous No.53619995]

>>53619898
i have no clue

[Anonymous No.53620070]

>>53619766
thanks i don't know what the fedl01 could be

[Anonymous No.53620086]

>>53619817
physical reality does have limits, you stupid retard

[Anonymous No.53620346]

In 2005, Burry started to focus on the subprime market. Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007. His research on the values of residential real estate convinced him that subprime mortgages, especially those with "teaser" rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. This conclusion led him to short the market by persuading Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as vulnerable.

During his payments toward the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. Eventually, Burry's analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million. Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3%, including dividends over the same period.

[Anonymous No.53620631]

>>53619836

ETH is in there, it has yet to get back to its 2017 ATH vs BTC. I'm not saying don't buy shitcoins in hopes of (temporary) higher returns but buying a basket of shitcoins and holding it longterm is a bad idea as that chart shows.

[Anonymous No.53622353]

>>53619410
Link?

[Anonymous No.53622389]

>>53617434
Past
performance
is
no
guarantee
of
future
results.

[Anonymous No.53622539]

>>53617685
None of that has anything to do with the metric system, mouthbreather.

[Anonymous No.53622617]

[Anonymous No.53622839]

wait till you braindead pajeet coin scammers look up what these indices mean

it's a question of whether they would rather risk ww3 or all the bullshit it would take to unwind this financial collapse

[Anonymous No.53622845]

But what if he is wrong?

[Anonymous No.53622876]

>>53617434
seeing this autistic fuck lose money shorting is my fav past time

[Anonymous No.53622896]

>>53617465
I don't get it either lmao

[Anonymous No.53623032]

>>53622845
he'll just keep saying it every couple of months and maybe one day he'll be right and say "see i told you".

[Anonymous No.53623124]

>>53622839
If WWIII happens I think that means Bitcoin gets wiped out. There will be a whole lot of gold and silver left behind though

[Anonymous No.53623156]

>>53617434
based difference seer

[Anonymous No.53623178]

>>53617465

[Anonymous No.53623209]

>>53617465
Amerimutts are ngmi.

[Anonymous No.53623565]

>>53623209
merica and the methhead/burgers r so fucking fucked I'm seriously considering costa rica