Motley Fool Money: 07.30.2010
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 30 July 2010
⏱️ 38 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:09.0 | From full global headquarters, this is Motley Full Money. |
| 0:19.5 | Welcome to Motley Full Money. I'm Chris Hill. |
| 0:22.0 | As we head into the dog days of August, we've got a special edition of Motley Full Money. |
| 0:27.0 | Our team of analysts is on vacation, so it gives us the opportunity to share some of our favorite interviews. |
| 0:32.5 | We've got a quartet of best-selling authors on board, including Alice Schroeder, author of the Snowball, Warren Buffett, and the Business of Life. |
| 0:41.0 | Matt Ridley, author of the rational optimist, makes the case for why things are getting better. |
| 0:46.0 | And Dave Barry talks about the business of humor. |
| 0:49.0 | But we begin with Michael Lewis, the best-selling business author of Liars Poker, Moneyball, and the Blindside. |
| 0:55.0 | His latest, The Big Short, Inside the Doomsday Machine. |
| 0:59.0 | It's a book that profiles a few investors who got rich off the financial crisis. |
| 1:04.0 | Now, there are a few key characters that you profile and focus on in the book. |
| 1:09.0 | One of them, fascinating guy named Dr. Michael Burry. |
| 1:13.0 | This is a guy who's a medical doctor, starts out as a value investor, who ends up not only placing the right bets. |
| 1:22.0 | He's the guy who talked the investment banks into creating a whole new market. |
| 1:27.0 | How does something like that even happen? |
| 1:29.0 | Well, because they're ready to create it anyway. |
| 1:32.0 | I mean, you just put your finger on the most interesting thing about his story. |
| 1:35.0 | That he came from being a pretty strict value investor. |
| 1:38.0 | I mean, in a different age, he would have been Warren Buffett, or something like that. |
| 1:42.0 | But this age demanded that he change what he do. |
| 1:45.0 | And he figured after a while that he was the stock he was looking at, |
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