Giving Matters: John Arnold, BA’95, is determined to revolutionize philanthropyby Ryan Underwood | Nov. 16, 2017, 2:19 PM
When financial traders talk about buying low and selling high, what they really mean is that they’re looking for an edge, a profitable move that nobody else in the market has discovered.
This is how Warren Buffett made his money. Starting in his mid-20s, Buffett plowed half his net worth into the sleepy insurance industry because he realized companies were sitting on massive piles of cash that could be put to far more productive use. Similarly, Dr. Michael Burry, MD’97, who was the subject of the film and book The Big Short, understood that subprime mortgages were about to collapse in the mid-2000s and amassed financial instruments at bargain prices that ultimately returned more than $800 million.
Ryan Underwood, (615) 322-1003