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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.

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VisualMod t1_iyb9rhe wrote

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0

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

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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Alatornio t1_iybbyct wrote

He used Bing not Google.

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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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okokibuynok t1_iybg3tk wrote

There are probably companies that will sell u this info

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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

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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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Thabluecat t1_iybnxf4 wrote

Bloomberg terminal drill right down to the addresses in each tranche

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Vince9099 t1_iybrq5t wrote

Robinhood research, doh.

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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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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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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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retardedaussie t1_iycbo8t wrote

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

−1

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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Tw15tedArr0w t1_iycib1u wrote

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

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TheNextOutbreak t1_iyckff0 wrote

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

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ShallowUnicorn t1_iyckihb wrote

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

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1

whboer t1_iyd8mey wrote

Replying to Fat_Pig_Reporting (#802,349)

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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cstrand31 t1_iydrpeb wrote

Replying to Confident_Weird3353 (#815,136)

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.

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cstrand31 t1_iydw9co wrote

Replying to Confident_Weird3353 (#816,503)

“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