AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Michael burry housing bubble 202112/24/2023 ![]() ![]() Moreover, he invested in GameStop back in 2019, laying the groundwork for the short squeeze on the stock at the start of this year. Burry, who predicted the subprime mortgage crisis of the 2000s, bought nearly. stock market, to the tune of more than 1.6 billion. The contrarian investor also took short positions against Elon Musk's Tesla and Cathie Wood's Ark Innovation ETF earlier this year. I nvestor Michael Burry has taken a huge short against the U.S. "Parabolas don't resolve sideways," he said.īurry shot to fame for calling the mid-2000s housing bubble and making a fortune by betting on a crash. He warned the flood of millennial money into index funds and ETFs was fueling unsustainable valuations and putting the stock market in a precarious position. Michael Burry was worth around 1.2 billion in April of 2023, having built much of his wealth shorting tech companies during the dot-com bubble and later shorting the mortgage market before its. ![]() The Scion chief revisited the subject of passive investing in a September tweet. He called for a board overhaul and criticized its executives' compensation, acquisitions, and lack of share repurchases. Michael Burry identified a market bubble of unprecedented size and scope last summer. Passive managers tend to be less confrontational with company executives, whereas Burry wrote several letters to GameStop's directors in 2019. "There is all this opportunity but so few active managers looking to take advantage," he said.īurry also suggested the dearth of active managers was stifling shareholder activism. ![]()
0 Comments
Read More
Leave a Reply. |