“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.”
Are you lonely in college? I attended UCLA after getting rejected from all the Ivys. 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.
— Cassandra B.C. (@michaeljburry) January 13, 2023
Just keep swimming. https://t.co/JvbVqNSfcI
Burry advised those who found themselves lonely in college to “just keep swimming” in order to persevere.
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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