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Michael Burry: UCLA Commencement Address . . . . Strongly Recommended

Posted by Larry Doyle on June 24, 2012 10:25 AM |

The lessons we learn from those who see the ocean while all are focused on a wave are truly special.

Thanks to our friend Huckleberry for prompting me to view the UCLA commencement address recently delivered by one Dr. Michael Burry.

Burry strikes me as a relatively soft-spoken and unassuming individual. His message is anything but. This address is a must view.

Burry may be talking primarily to the UCLA graduates but his message resonates far beyond that small group. He provides wisdom to  graduates and people everywhere who care to learn how we have come to be enmeshed in such an economic crisis.

What does Burry recommend we do?

Keep asking questions. Seek and demand answers.

Burry stridently indicts those within the political and financial web who failed to display real leadership and moral fiber while pursuing personal gains and profits.

While accepting the fact that our overall quality of life has already diminished and will continue to decline under our current political and financial construct, Burry inspires the graduates and all of us that individually we can prosper. How so? 

Take the mere 20 minutes to view this Sense on Cents classic.

I should add that with this address, Dr. Michael Burry gains swift and immediate induction into the Sense on Cents Hall of Fame.

Please share this with friends, family, and colleagues. Huckleberry, thanks again for the prompt.

Happy Sunday….and navigate accordingly.

Larry Doyle

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I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

  • http://www.capitalismwithoutfailure.com Jaime

    Wow. I didn’t know that Burry was investigated by the IRS and the FBI after he wrote that op/ed. That is abuse of process.

  • RB

    Short term risk for long term benefit. I like that!!

    Thanks for sharing this my man!

  • coe

    I found myself conflicted as I listened to the remarks…there was the seemingly vindictive investigation (Big Brother is watching – if only 1984 wasn’t so far in the rear view mirror) that to the common citizen is mind-boggling…there was the reference to part of the medical code “Do no harm” that grabbed my attention…but there was also a feeling I got that here was a guy that “exploited” (his word) opportunities for his personal gain…good for his own balance sheet, no doubt, but did those actions “do no harm” – not sure one could say that is what took place…plenty of folks saw the collision course of easy underwriting standards, stupid mortgage programs, leverage, and housing prices that couldn’t possibly only go north…but it is human nature to try to capture one more moment before someone takes the punch bowl away…perhaps Burry should use his considerable intelligence and insight and try to change things from within the system – though the Federal assault on him would clearly serve as a disincentive…at some point in the narrative, the dude was making a leveraged bet using other people’s money…he happened to ultimately be right…sure the trader at JPMorgan in London felt the same way about his credit derivative trade…I feel the same way about the Paulsons of the world – just because one makes a financial killing doesn’t make you someone we should emulate…frankly, what happened to his “calling” to help people through his medical training? Show me the commencement speaker who struggled to financially get through college, has a middle class job, is raising a middle class family in an honorable way, challenged by economics, the human condition, and some silly governmental policies and programs – and still soldiers on honorably with a clear sense of right and wrong and community responsibility – perhaps that is the real hall of famer

  • LD

    Show me the commencement speaker who struggled to financially get through college, has a middle class job, is raising a middle class family in an honorable way, challenged by economics, the human condition, and some silly governmental policies and programs – and still soldiers on honorably with a clear sense of right and wrong and community responsibility – perhaps that is the real hall of famer.

    I would venture to guess that many of our readers might know of great Americans who would fall into this camp. I welcome constructing an entirely new wing to the Hall to properly honor our fellow citizens.

    To those in the audience, please share with us the very real stories of those deserving induction into this new wing.

  • fred

    I dunno LD, I would prefer to take this in a different direction. Certainly, I am jealous of Mr. Burry’s financial success but I do not judge him because of it.

    I admire the way he achieved success, he kept learning, kept asking questions, worked hard, followed his conscience, perservered.

    To me the better question to ask, has Mr. Burry change the world for the better? To this question the answer is not yet clear. Certainly his speech has the ability to impact every person lucky enough have heard it.

    Mr. Burry is still young, still evolving as a person, I suspect we have not heard the last from him.

    “Human greatness is achieved by extending our reach into that space between David’s hand and the hand of God”.






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