Let’s take a break from the stock market , because the stock market is also taking a breath … we believe we are going to touch 9400 soon but till then have a break and be long …. Lot many people ask me how I got inspired to set up this blog . The answer is very simple,
I am a great fan of twitter and have seen it getting matured from the very first tweet. From the date 22nd March 2006 Which is coincidentally, my Birthday too, I have seen it growing exponentially and that is the inspiration.Even though the stock is at rock bottom prices. I don’t have an international following otherwise the advice would have been just grabbing it going be next apple. So lets see the journey , But before that the billion dollar tweet which actually inspired, I hope I get tweeted once like this….
By the way actual inspiration came from Micheal bury Scion Capital
From Wikipedia —
Michael J. Burry (born June 19, 1971) is an American physician, investor, and hedge fund manager. He was the founder of the hedge fund Scion Capital, which he ran from 2000 until 2008, and then closed to focus on his own personal investments. Burry was one of the first investors to recognize and profit from the impending subprime mortgage crisis.
Burry left work as a Stanford Hospital neurology resident to start his own hedge fund. He had already developed a reputation as an investor by demonstrating success in “value investing,” which he wrote about on message boards on the stock discussion site Silicon Investor beginning in 1996. He was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt.
After shutting down his website in November 2000, Burry started Scion Capital, funded by a small inheritance and loans from his family. The company was named after Terry Brooks‘ The Scions of Shannara, a favorite book, which was published in March 1990, when Burry was 19 years old. Burry quickly earned extraordinary profits for his investors. According to the author Michael Lewis, “in his first full year, 2001, the S&P 500 fell 11.88 percent. Scion was up 55 percent. The next year, the S&P 500 fell again, by 22.1 percent, and yet Scion was up again: 16 percent. The next year, 2003, the stock market finally turned around and rose 28.69 percent, but Mike Burry beat it again—his investments rose by 50 percent. By the end of 2004, Mike Burry was managing $600 million and turning money away.”
In 2005, Burry started to focus on the subprime market. Through his analysis of mortgage lending practices in 2003 and 2004, he correctly forecast that the real estate bubble would collapse as early as 2007. Burry’s research on the values of residential real estate convinced him that subprime mortgages, especially those with “teaser” rates, and the bonds based on these mortgages would begin losing value when the original rates reset, often in as little as two years after initiation. This conclusion led Burry to short the market by persuading Goldman Sachs to sell him credit default swaps against subprime deals he saw as vulnerable. This analysis proved correct, and Burry profited accordingly.Burry has since said, “I don’t go out looking for good shorts. I’m spending my time looking for good longs. I shorted mortgages because I had to. Every bit of logic I had led me to this trade and I had to do it.”
Dr. Burry has a strictly traditional understanding of value. He has said more than once that his investment style is built upon Ben Graham and David Dodd’s book “Security Analysis”: “All my stock picking is 100% based on the concept of a margin of safety”. 
Though he suffered an investor revolt (where some investors worried the logic was wrong and withdrew their investment in Scion Capital’s hedge fund) before his predictions came true, Burry earned a personal profit of $100 million and a profit for his remaining investors of more than $700 million. Scion Capital ultimately recorded returns of 489.34 percent (net of fees and expenses) between its November 1, 2000 inception and June 2008. The S&P 500 returned just under three percent including dividends over the same period.
According to his website, Burry liquidated his credit default swap short positions by April 2008 and did not benefit from the taxpayer-funded bailouts of 2008 and 2009. He subsequently liquidated his company to focus on his personal investment portfolio.
In an April 3, 2010, op-ed for The New York Times, Burry argued that anyone who studied the financial markets carefully in 2003, 2004, and 2005 could have recognized the growing risk in the subprime markets. He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors.
Currently, Burry manages an asset management firm called Scion Asset Management.