The Big Short Quote
Lawrence Fields: Your big mortgage bet concerns us. We have no confidence in your ability to identify macroeconomic trends.
Michael Burry: You flew here to tell me that? Why? I mean, anyone can see there's a real estate bubble.
Lawrence Fields: Actually, no one can see a bubble. That's what makes it a bubble.
Michael Burry: That's dumb, Lawrence. There are always markers. Mortgage fraud - it's quadrupled since 2000. Average take home pay is flat yet home prices are soaring. That means homes are debts not assets.
Martin Blaine: [sarcastically]So Mike Burry of San Jose, a guy who gets his hair cut at SuperCuts, and doesn't wear shoes, knows more than Alan Greenspan and Hank Paulson?
Michael Burry: Dr. Mike Burry. And yes... he does.
Michael Burry: You flew here to tell me that? Why? I mean, anyone can see there's a real estate bubble.
Lawrence Fields: Actually, no one can see a bubble. That's what makes it a bubble.
Michael Burry: That's dumb, Lawrence. There are always markers. Mortgage fraud - it's quadrupled since 2000. Average take home pay is flat yet home prices are soaring. That means homes are debts not assets.
Martin Blaine: [sarcastically]So Mike Burry of San Jose, a guy who gets his hair cut at SuperCuts, and doesn't wear shoes, knows more than Alan Greenspan and Hank Paulson?
Michael Burry: Dr. Mike Burry. And yes... he does.
Movie: The Big Short
