Michael Burry, the famous “big investor who predicted the 2008 housing crash, also a warning of an emerging market bubble. For almost two decades, now a Mutual Fund Manager, now a Phedge Manager Selinds who is sound about the top AI companies and present them in today’s forum: Susack.
Yesterday (Nov. 23), Burry launched a newsletter on the platform focusing on his bearish view on the technology, among other topics. “The nature of the current market is controversial and heated. Lots of talking about it,” he wrote in the description of talking about it, “he wrote in the description accompanying his new ExTack, which has already transferred more than 35,000 subscribers. Access costs $ 379 per year or $ 39 per month.
One of his first posts draws parallels between the dot-com boom in the early dot-com crash of the early 2000s and today’s AI Boom. Burry compared Nvidia—which recently became the first company to reach a $5 trillion market cap—to Cisco, a technology company that rose and then collapsed where its stock then collapsed during the Dot-com era.
In the X Post announcing his site, Burry expanded on the idea that the AI market may be popping past bubbles. He mentioned former Federal Reserve Chair Alan Greenspan, who assured investors in 2005 that the housing bubble “doesn’t appear.” Burry then pointed out that Jerome Powell, Fended’s Chairman, described AI companies as “profitable” and “different” from previous manias.
Michael Burry’s Mixry Rholod Recond
Burry rose to prominence after seeing the warning signs of a stockpile problem – a bet that netted him $100 million and earned more than $700 million from his clients. His previous departure was at Michael Lewis’ Very short and a subsequent film starring Christians. After the global financial crisis, Warren Buffett told Congry that Burry acted like “Cassandra,” referring to the Trojan princess who cursed to bring true prophecies no one believed. His new newspaper pays tribute to this by its name, “Cassandra not included.”
In recent years, Burry has made a number of market calls that were not perfect, but his recent warnings about AI have attracted new attention online. The buzz started in October, when he returned to X after a two-year haitri posted: “Sometimes, we see bubbles. Sometimes, the only winning is not playing.”
Soon after, his Milk Fund, Scion Asset Management, was revealed in a regulatory audit that it had short bets worth more than $1 billion against nvidia and palantir, another hot stock. Burry closed his hedge fund a few days later and returned most of the money to investors.
In his explanation for Stack, Burry said the closing of Scion was motivated by a desire to share investment ideas more freely. “Running money professionally came with regulatory and compliance restrictions that effectively attacked my ability to communicate,” he wrote. “These constraints meant I could share cryptic bits in public, if at all.”
Burry told readers to expect one post per week, as well as occasional Q&AS, videos and guest contributions. Instead of placing bets, he will be breaking markets.
“I’m not retired,” Burry said. “There is nothing I enjoy more than companies and marketing each day.”