The borrowers will always be willing to take a great deal for themselves. It’s up to the lenders to show restraint, and when they lose it, watch out.
Michael BurryRead
If you are going to be a great investor, you have to fit the style to who you are.
Interpretation
Great investing requires aligning your strategy with your personal identity and values.
Michael Burry implies that successful investing is not just about following trends or strategies; it deeply involves knowing oneself. By understanding your own personality, risk tolerance, and values, you can develop a tailored investment strategy that leads to better financial outcomes and personal satisfaction.
In practice
In a finance seminar discussing personal investment strategies.
The borrowers will always be willing to take a great deal for themselves. It’s up to the lenders to show restraint, and when they lose it, watch out.
What you want to watch are the lenders, not the borrowers. The borrowers will always be willing to take a great deal for themselves. It's up to the lenders to show restraint, and when they lose it, watch out.
I realize that although I'd like to make films as a career after I'm done playing, I really love basketball; I really love my career, an opportunity to compete every day and to push myself physically, mentally and emotionally.
Successful people aren't born that way. They become successful by establishing the habit of doing things unsuccessful people don't like to do. The successful people don't always like these things themselves; they just get on and do them.
Never continue in a job you don't enjoy. If you're happy in what you're doing, you'll like yourself, you'll have inner peace. And if you have that, along with physical health, you will have had more success than you could possibly have imagined.
You don't know what it is to be heavyweight champ of the world until you become the heavyweight champ of the world.
I feel basically good about my career because it's remained constant. What I do has never been especially in vogue or gotten high on the charts. At the same time, I haven't had to stop performing any of my music because it aged in style.
Lots of companies don’t succeed over time. What do they fundamentally do wrong? They usually miss the future. I try to focus on that: What is the future really going to be? And how do we create it? And how do we power our organization to really focus on that and really drive it at a high rate? When I was working on Android, I felt guilty. It wasn’t what we were working on, it was a start-up, and I felt guilty. That was stupid! It was the future.
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