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Tavakoli Structured
Finance LLC
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Allow me to issue and control a nation’s money, and I care not who makes the laws.”
—Mayer Amschel Rothschild |
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Via Reddit: Reconstructing Burry's Research Process
From FCIC staff audiotape of interview with
Michael Burry, Cornwall Capital[between timestamps 1:36:20 and 1:38:40]:
"
... It was a dark market. I was onto WorldCom pretty early and they went from
investment grade to bankrupt overnight ... I wondered why I didn't make more
money on this ... it hit me that's the way to short companies ... and I noted
there was a lot of these highly rated super leveraged companies where you could
buy credit default swaps ... and so I bought books ... Janet Tavakoli's 1998
book, and that was the first book I read ... I didn't take all those equations
and apply them ... but I got the basics of the market from that." |
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Released February 23, 2022
There are only a few types of credit derivatives transactions that make sense. There are many types of credit derivatives transactions to avoid. This is the only credit derivatives book that explains why.
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“Off the Grid”
You may enjoy Representative Thomas
Massie’s 30 minute documentary “Off the
Grid” about his self-sustaining farm in Kentucky and his brief explanation
of how he got involved in Congress. You may wish to independently look up his
background: two degrees from MIT, venture capitalist, inventor, and more. |
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