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📂 Category: Business Leaders,Business
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Key takeaways
- Michael Burry is an investor who profited from the subprime crisis by shorting the 2007 mortgage bond market, making $100 million for himself and $700 million for his investors.
- Puri closed his hedge fund, Sion Capital, in 2008. In 2013, he founded his own investment firm, Sion Asset Management.
- Burry deregistered his company Scion Asset Management in November 2025, meaning he was no longer required to file reports with state and regulators, according to CNBC.
- Perry holds an M.D. degree and is licensed to practice medicine in California, but he does not.
Who is Michael Burry?
Michael James Burry is an American investor who founded the Scion Capital hedge fund in 2000, in addition to being a doctor specializing in neuroscience. Among investors, he is best known as one of the few who predicted the subprime mortgage crisis that lasted from 2007 to 2010. He shorted the subprime bond market in 2007 by swapping collateralized debt obligations, making a personal profit of $100 million as well as $725 million for his investors.
In 2008, Perry closed Scion Capital to focus on his personal investments. In 2013, Perry founded Scion Asset Management LLC, a private investment firm that he runs today. The company had about $1.38 billion in assets under management as of November 2025, according to its filings with the Securities and Exchange Commission.
Perry was portrayed by Christian Bale in the 2015 film The big shortwhich provided a fictionalized version of some of the major players in the subprime mortgage crisis. Director Adam McKay co-wrote the Oscar-winning screenplay with Charles Randolph, which they adapted from Michael Lewis’s non-fiction book. The Great Short: Inside the Doomsday Machine.
In addition to Burry’s brief in the mortgage bond market, he is known for his insightful views on money and investing that can lead investors to good returns. He is sometimes called a “big short investor.”
Personal life and education
Michael James Burrie was born in 1971 and grew up in San Jose, California. When he was 2 years old, he lost his left eye to a rare type of cancer called retinoblastoma. He has worn an artificial eye ever since.
Perry earned his bachelor’s degree in economics from the University of California, Los Angeles, where he also pursued a pre-med track. He then received his MD from Vanderbilt University School of Medicine and subsequently began a residency at Stanford University in neuroscience. During his education, Perry used his free time to focus on investing. Although he left Stanford after his third year of neurology residency at Stanford University Hospital to focus full-time on investing, he maintains his license from the Medical Board of California by taking continuing education courses.
Perry has a wife and two adult sons, one of whom was diagnosed with Asperger’s Syndrome as a boy, leading Perry to discover he had the condition as well. As he appeared in the movie The big shortHe is also known to be very passionate about heavy metal music.
300 million dollars
Michael Burry’s net worth, as estimated by Celebrity News Net Worth.
What kind of investor is Michael Burry?
Perry, described by author Lewis as a “geek,” comes up with strategies that differ from the herd mentality, as he did when he shorted the mortgage bond market against collateralized debt obligations in 2007. He considers himself a value investor. He also strongly criticized government fiscal policy, especially that of the Federal Reserve.
In 2010 New York Times In an op-ed titled “I Saw the Crisis Coming. Why Didn’t the Fed Make It?”, Puri wrote that “our leaders in Washington either knowingly or ignorantly aided and abetted.” [real estate] bubble. Even as the full extent of the financial crisis became painfully clear in early 2007, the Fed Chairman said… [Ben S. Bernanke]Minister of the Treasury [Henry M. Paulson]President [George W. Bush] Senior members of Congress have repeatedly downplayed the seriousness of the problem, ultimately leaving themselves with only one political tool: epic and unfair taxpayer-funded bailouts. “It didn’t have to be this way.”
On April 14, 2022, Perry tweeted: “The Fed has no intention of fighting inflation. Sequential hikes rise by half a point before stocks and the consumer exit. Same goes for the fast QT period. All the Fed cares about is reloading the cash bazooka, so it can bail out and finance the fiscal situation.”
Perry inaccurately predicted a recession in 2023, posting the single word “sell” on social media platform
In its quarterly 13-F filing issued in early November 2025, Burry’s Scion Asset Management disclosed that it had acquired put options, which guarantee the right to sell an asset at a certain price by a certain date, on two artificial intelligence companies: Nvidia (NVDA) and Palantir (PLTR).
Why did Michael Burry close his fund?
Perry founded his own hedge fund Scion Capital in 2000. He closed it in 2008 to focus on personal investments and his family.
What’s wrong with Michael Burry now?
The filings show that Burry’s investment firm Scion holds put options on Nvidia and Palantir at the end of the third quarter of 2025. That means Burry was betting at some point, whether in the short or long term, that the companies’ shares would fall.
What is a subprime mortgage crisis or meltdown?
The subprime mortgage bust was the sharp increase in subprime mortgages that went into default beginning in 2007, contributing to the Great Recession, the most severe economic contraction since the Great Depression. The housing boom of the mid-2000s—combined with low interest rates at the time—led many lenders to offer home loans to individuals with poor credit. When the real estate bubble burst, many borrowers were unable to make payments on their subprime mortgages.
What is a “big short”?
The big short It is a 2015 film adaptation of author Michael Lewis’ best-selling book of the same name. The film, co-written and directed by Adam McKay, focuses on the lives of several American financial professionals, including Burri, who anticipated and profited from the buildup and subsequent collapse of the housing bubble in 2007 and 2008.
published in 2010, The big short: Inside the doomsday machine It was a loose sequel to Lewis’ bestseller liar‘Poker gamean account of his working experiences at Salomon Brothers in the 1980s. Both works of nonfiction provide a deep look into the lives, workplaces, and psychology of many professionals on Wall Street and the financial world.
Bottom line
Puri is probably best known for being one of the few investors who anticipated the subprime mortgage crisis that lasted from 2007 to 2010. He shorted the mortgage bond market in 2007 through a CDO swap and profited greatly from it.
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