Michael Burry’s game-changing GameStop bet скачать в хорошем качестве

Michael Burry’s game-changing GameStop bet

How Michael Burry unknowingly lit the spark that would lead to the Gamestop revolution. The SCRIPT: This is Michael Burry, he’s mostly known for “the big short”, his bet against the housing market, right before the 2008 crisis. This made him and a couple other people billionaires, while the American economy collapsed. What most people don’t know is that Michael Burry is also the man who unknowingly lit the spark that led to the GameStop frenzy. Burry bought a stake in GameStop in 2019 because he believed the stock was undervalued. He sent three letters to the Game Stop owners, asking them to buy back shares and to clean up their act. Back then, Michael Burry couldn't have imagined his efforts would lead to this: [tension building Gamestop montage]. The battle between retail investors and short-selling hedge funds over the stock has captured global attention, spurred regulatory investigations, and stoked talk of a financial revolution. Now… ...GameStop shares promptly crashed and now trade at a fraction of their January high. Here's a closer look at how Michael Burry unknowingly started what can probably now be called the gamestop revolution. [intro] Chapter 1: The early days and how it all started After his “Big Short”, Michael Burry kept a pretty low profile, he focused his attention on betting on water, Asian equities, and small-cap stocks. The Scion Asset Management firm, founded and owned by him, had purchased about $7 million worth of GameStock stock in late 2018, but sold it in the second quarter of 2019. Burry reinvested the following quarter, disclosing 3 million shares worth $17 million. He also wrote a letter to the members of the board, in which he told them he was concerned with the way the capital was being managed and he urged them to complete a $238M share repurchase at once. Such a repurchase would increase earnings per share dramatically. He stated that shareholders were staring at all-time lows in GameStop stock and they were seeing very little evidence that GameStop had effectively leveraged its elite position in the gaming universe. SOURCES: Social media📸: Twitter:   / game_the_system   Instagram: @game.the.system ********** SOME OTHER GREAT YOUTUBE CHANNELS: JAKE TRAN:    / @jaketran   JAMES JANI:    / @jamesjani   BUSINESS CASUAL:    / @businesscasual   ECONOMICS EXPLAINED:    / jitalounge   GRAHAM STEPHAN:    / grahamstephan   ----------------------------------------------------------------------------- All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, originali7y@gmail.com , and we can sort it out. Copyright © 2021 Game The System. All rights reserved. DISCLAIMER: These videos are for entertainment purposes only. This is not meant to be financial advice. Before taking any actions, do your own research and never stop learning.