“Credit-default swaps remedied the problem of open-ended risk for me. I...” — Michael Burry Quote

“Credit-default swaps remedied the problem of open-ended risk for me. If I bought a credit-default swap, my downside was defined and certain, and the upside was many multiples of it.”

“In early 2005, I really studied the prospectuses of these mortgage pools that were tranched out into different-rated slices rated by agencies like S&P and Moody's. They had names like Park Place and People's Choice. It was clear to me that many of the buyers of these repackaged subprime mortgages were doing little analysis.”

“But thankfully, my first album, 'Wide Screen,' was sort of a critics' darling - everyone raved about it, but no one bought it. They only manufactured 10,000 copies; I wasn't even in the running for failure!”

“My mama never wore a pair of pants when I was growing up, and now that's all she wears. It was so funny for me when I first started seeing Mama wear pants. It was like it wasn't Mama. Now I've bought her many a pantsuit because she just lives in them.”

“Love gives itself; it is not bought.”