Burry, a Vanderbilt University School of Medicine alumnus profiled in author Michael Lewis’ bestselling book The Big Short, is best-known as the first financial analyst to predict America’s financial crisis.
In an op-ed he wrote for the New York Times in 2010, Burry says that he began worrying about the housing marketing in 2003 when “lenders first resurrected interest-only mortgages, loosening their credit standards to generate a greater volume of loans.” By 2005, he was convinced that the housing market would melt down causing “substantial damage to the economy.”
Our leaders in Washington either willfully or ignorantly aided and abetted the bubble“Our leaders in Washington either willfully or ignorantly aided and abetted the bubble,” wrote Burry. “It did not have to be this way.”
Burry was diagnosed with Asperger’s syndrome as an adult, which he credits with helping him bring a unique perspective to the economy and financial markets. Lewis agrees, saying, “He has a great ability to concentrate in just raw data.”
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