Great advice for fresh graduates…

…from Dr. Michael Burry, who, by asking the right questions that exposed some erroneous assumptions about the inevitability of housing prices always rising, successfully predicted (and made money from) the collapse of the housing bubble. His advice that one should as much as possible take on short-term risks in the pursuit of long term benefits while avoiding as much as possible taking on long-term risks in the pursuit of short-term benefits is excellent. Enjoy!

http://www.youtube.com/watch?v=1CLhqjOzoyE&feature=player_embedded

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