Michael Burry: The Only 3 Value Stocks I'd Buy in a Recession

Recession Investing Philosophy

• 💡 Recessions reveal value in businesses and create asymmetric opportunities for investors.
• 🎯 The speaker's strategy focuses on companies with strong fundamentals, cash flow, balance sheets, and competitive advantages.
• 💰 Recessions are periods when fortunes are made, not lost, as quality assets become available at discounted prices.

Alphabet (Google) as a Recession Play

• 🚀 Alphabet is considered essential infrastructure and a monopoly on information discovery, with a remarkably resilient business model.
• ✅ Its performance-based advertising model ensures continued revenue, as businesses prioritize cost-effective customer reach during downturns.
• 📊 The company generates over $80 billion in annual free cash flow, possesses no debt, and holds over $100 billion in cash and securities.
• 🌐 Diversified revenue streams like Google Cloud, YouTube, and Android provide significant downside protection and growth potential.

Berkshire Hathaway's Recession Resilience

• 🏡 Berkshire owns a collection of recession-resistant businesses, including insurance, utilities, and essential consumer brands.
• 📈 The insurance float acts as