Monday, April 11, 2011

"Michael Burry: Notes from Vanderbilt Speech"

Michael Burry was one of the hedge fund managers profiled in The Big Short by Michael Lewis.

As I mentioned in my review, I liked Burry and his value investing concept of "ick" investments, which means "taking a special analytical interest in stocks that inspire a first reaction of 'ick.'"

Burry gave a speech last week at Vanderbilt, and the distressed debt investing blog attended and posted their observations.

One of Burry's observations was that there are value opportunities in small caps because they have lost research sponsorship at most sell-side firms.

This rings true, and I have a post coming out about the micro cap universe on Wednesday.

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