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Alatornio t1_iybbyct wrote

He used Bing not Google.

166

watifurdadpulledout t1_iybx1pv wrote

BLOOMBERG TERMINAL. AND NO, YOU CANT AFFORD IT.

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barneyaa t1_iyc9tdh wrote

24k/year? I don't know man, I've seen portfolios of over 1m around here...

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Over_Shoulder_3228 t1_iycr14m wrote

The 1 mil portfolios prolly have it…he’s talking about brokies like you with negative 100k and notice of eviction for leveraging your house.

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whboer t1_iycl12k wrote

24k over 1 m would still mean handing over 2.4% of total capital per year just to have more info

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Fat_Pig_Reporting t1_iycn02x wrote

2.4% for more info is better than handing over 99.6% for less info tho.

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whboer t1_iyd8mey wrote

That Is assuming you know what to do with said information. Fund managers have this info, yet the average fund manager underperforms SPY on a consistent decade long period, and those folks have been taught to actually understand business fundamentals and valuation. I’ve seen degens here gamble away 1m+ in SPY calls, to the point that I’m wondering how these folks were ever in the position to have such vast capital- and how unfair it is, knowing so many intelligent, well-intended and talented people who grew up poor and will require their entire lives to break out of it and put their genes into a better class within society just to give their future generations a chance at freedom.

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AutoModerator t1_iyb9r57 wrote

Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.

That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

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jloy88 t1_iybxrpd wrote

There are agencies like SIFMA and others who comb through the MBS data and publish it to paying firms but he also was the head of a hedge fund with access to all MBS Bond market disclosures reporting data which included whether the loan was fixed or subprime adjustable and also whether there was a positive Loan to Value # (Number of days late).

The scene in the movie is actually really well depicted on how this unfolded cause from there he literally spent days going through thousands of individual MBS / CDO disclosure bonds hunting for those two correlating variables and afterwards came away convinced that the bonds were absolute shit because so many of the packaged contracts within were leveraged against subprime loans that were already starting to fail en masse and would soon start defaulting.

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PatricksEnigma t1_iyc2kci wrote

Easiest way is to just pause the movie when his computer screen is shown and zoom in. Make sure you say “enhance” after every zoom click or else it’ll be all blurry.

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ConcernedDudeMaybe t1_iybfzk3 wrote

I like to imagine him browsing county appraisal districts and viewing properties one by one and building his own dataset.

Yes, I know that's not what he did img

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cstrand31 t1_iybargh wrote

If you have to ask, you probably can’t afford it, or don’t know the right people to access it. If it was easy and accessible for every John q dipshit, then everybody would be doing it.

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Confident_Weird3353 t1_iyce1s5 wrote

No, it was accessible to much bigger hedge funds and they didn't do it

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cstrand31 t1_iycz7ki wrote

So then that would fall under “you probably can’t afford it” ,right?

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Confident_Weird3353 t1_iydr8vd wrote

But folks with much higher resources also missed it even the banks whom he made a bet against

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cstrand31 t1_iydrpeb wrote

What I mean is, it wasn’t available to the average dipshit on Reddit. Especially one who’s asking these types of questions. OP might as well just be asking “how me am making moneys? Give moneys pleeze” Like, it’s entirely IYKYK situation. And if you don’t, you don’t.

1

Confident_Weird3353 t1_iydrypz wrote

Average dipsit on reddit is betting on Pokemon. I think what Burry did was something amazing and we should not attribute it to time, resources or anything peripheral for that matter

1

cstrand31 t1_iydskpf wrote

Exactly my point. What burry did specifically wasn’t what OP is doing.

1

Confident_Weird3353 t1_iydszva wrote

OP can only jerk off to what Burry was doing, which in honesty is 90% of the community including me. My only point was that what Burry did was something phenomenal and to be cherised

1

cstrand31 t1_iyduspk wrote

I mean, don’t break your arm jerking the guy off. Yeah, he made some money but he did bet against the American economy and he’s kind of an asshole to boot.

1

Confident_Weird3353 t1_iydvatu wrote

I am ok as long as he made money on something which happened first time in history

1

cstrand31 t1_iydw9co wrote

“First time in history” - wut? He’s a hedge fund manager, not Jesus Christ. Saying anything he did should be “cherished” is just really fucking weird man. You’re giving off some real sycophant vibes.

1

Confident_Weird3353 t1_iydwlll wrote

You can think whatever you want. He betted against housing market at a time when everybody from CXO to cleaner was talking about housing boom, It's something I appreciate

1

Thabluecat t1_iybnxf4 wrote

Bloomberg terminal drill right down to the addresses in each tranche

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cockcoldton t1_iyc80t3 wrote

He watched a Youtube that had a tumbnail of a 23 year old with pikachoo face and flames.

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Ididnttrythisyet t1_iybwyso wrote

Don't worry yourself about what he did 15 years ago. Pay attention to his moves today, GEO.

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Gourd-Futures69 t1_iybil04 wrote

No, you’d probably have to call someone on the phone to get it, so obviously that’s out

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hirisk365 t1_iycbwr2 wrote

OP can’t even put 20% down on a home loan to avoid PMI but wants to be like an a list celeb on the big short

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S4m_S3pi01 t1_iybide6 wrote

Bruh I just finished watching that as well... it's a sign I gotta buy more puts

2

Vince9099 t1_iybrq5t wrote

Robinhood research, doh.

1

Tw15tedArr0w t1_iycib1u wrote

Would have been Bloomberg, but considering the current FUBAR situation you may have more luck with Wikipedia

1

TheNextOutbreak t1_iyckff0 wrote

Michael was using FTX back then for its research arm, Alameda Research registered in the Bahamas as one does.

1

ShallowUnicorn t1_iyckihb wrote

Clippy that’s why Microsoft had to get rid of him

1

LavenderAutist t1_iycr4u1 wrote

Oh. I miss clippy.

Whenever I had a bad day, clippy was always there for me.

1

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1

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0

retardedaussie t1_iycbo8t wrote

Asked his mum of course cause mums know everything there is to know!

−1

VisualMod t1_iyb9s1i wrote

>It is possible to access the same type of data that Burry used to make his bets against the housing market. However, it requires a significant amount of financial resources and expertise.

−11

The_BitCon t1_iyba17e wrote

please kill this AI way too cringe been hanging around WSB too long

8