Michael Burry has vowed to stick with his long-term stock investments even as markets tumble on the coronavirus.
The money manager who made his name betting against the securities that triggered the global financial crisis has been using the rout to add to holdings in a handful of smaller Japanese companies. He is still excited about the investments because he believes the country is on the cusp of change.
"The virus is a temporary problem," California-based Burry said in an email interview. "I am still 100 percent focused on stock-picking, and there are lots more opportunities today."