‘Big Short’ investor Michael Burry has broken his silence. Here’s what he’s revealed in 7 weeks of speaking freely.
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Michael Burry broke his two-year silence to share everything from stock predictions to criticism of bitcoin.
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The “Big Short” star warned of an AI bubble and took aim at Nvidia, Palantir and OpenAI.
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The investor-turned-author has since revisited his GameSpot bet and praised Fannie and Freddie.
The mysterious Michael Burry I pulled back the curtain Over the past six weeks, he’s expressed his views on everything from Bitcoin and meme stocks to the AI boom and the Federal Reserve.
Investor of “The Big Short” fame previously known to send cryptic alerts to X, only to quickly delete them and remain silent for months or years.
He has now closed his hedge fund to outside cash and changed his focus He began writing about his personal investments and sharing his financial analysis on Substack.
Business Insider reports on Burry’s Substack, X posts, and a last podcast interview He teams up with author Michael Lewis to gather the important insights and details he’s shared so far.
bury back to x in late October after becoming quiet in April 2023. His comments since then have focused on concerns of a historic bubble in artificial intelligence.
He warned that technology companies leading the charge are seeing a slowdown in cloud computing growth, over-investing in equipment like Nvidia chips and data centers. extension of depreciation inflating their short-term earnings, destroying shareholder value through excessive stock-based compensation, and signing “give-and-take” contracts with each other to perpetuate the grapevine.
Burry – person who rose to posthumous fame profitable betting Lewis described his take on the mid-2000s housing boom in “The Big Short” — he also compared the AI craze to dot-com and housing bubbles and predicted it would also end in disaster.
it exists Tagged OpenAI “The Netscape of our age,” he says, is “flowing with cash.” it exists announced bets He predicted that the AI bubble would burst within two years, against market favorites Nvidia and Palantir. He also advised investors who made big in high-flying assets to cash out their winnings.
“I think the stock market could have a few bad years,” he told Lewis during a recent interview, according to Substack.
Burry also said Bitcoin trading at $100,000 was “the most ridiculous thing” because it “isn’t worth anything” and called it “worse than a coin.” tulip bulb“Because it has enabled so much crime. The most popular cryptocurrency is currently trading for under $90,000.
