Michael Burry spoke at UCLA several months ago. The video of Michael Burry’s 12 minute speech made waves around the internet. A transcript of the speech has just been located. Burry spoke about Europe (sounds similar to today). Below is a brief excerpt followed by the full transcript in scribd:
Of late, Europe’s convulsions are in the news. Even this should not be surprising. Back in 2006, when a bunch of us shorted Portugal, Italy, Greece, and Spain, we called them the PIGS for a reason. I can explain it in one sentence: When the entitled elect themselves, the party accelerates, and the brutal hangover is inevitable. Californians, and indeed all Americans, ought to take note.
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