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The big short doomsday machine6/24/2023 However, before he even began to explore the stock market, he was a physician. Michael Burry was a smart guy who started out as a regular stock market investor before he decided to immerse himself in the bond market. I was intrigued by how he remained confident with his discovery in the housing market, even while he was faced with doubt from large corporations. With this background knowledge, it was interesting to learn more about Michael Burry because he didn’t fit the mold of the typical Wall Street investor. Trading is very hectic, so you need to be loud to get attention and secure the deal you want. My group was quieter and less sure of our decisions, but the loudest and most aggressive groups got the attention and the deals they wanted because they acted quick and confidently. This behavior reminds me of the in-class game where we experienced a trading simulation. He was quoted by Lewis as saying “the only way to be paid as an analyst is being right and making enough noise so that people noticed it” and further described the chaos that would unfold every day on Wall Street during trading periods. One of the characters who fit this personality was Steven Eisman, who was originally a corporate lawyer before he went to Wall Street as an analyst. Before reading this book, I knew some stereotypes of brokers on Wall Street such as their arrogance and loud, cutthroat personalities.
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