"You started your term at UCLA in the midst of a global financial panic. The consequences of which are far from settled."
"As a result of what happened while you were growing up, you now face a future that will feature either another great recession during your 20s, or during your 40s, a U.S. debt/GDP ratio exceeding 200%. And that's not me, that's the Congressional Budget Office. Me, I think they are ignoring reflexivity, and I think you face both."
Nice, he dropped some reflexivity on them. I wonder how he's positioning for the next great recession. In September 2010, Burry thought gold, farmland with water on site, special situations in distressed real estate, and small tech in Asia were attractive investments.
Related Michael Burry wisdom: *Michael Burry's Vanderbilt University Lecture (Video), *Video: Michael Burry of Scion Capital Speaks With 60 Minutes On CDS Bet, *Video of Michael Burry On Bloomberg's RiskTakers (I Was 100% Confident).
Hat tip Zero Hedge