Burry shot to fame after his billion-dollar bet against the US housing bubble in the mid-2000s was spotlighted in the book and the movie "The Big Short." His Scion fund owned $225 million of US stocks at the end of 2020, including roughly $30 million of bullish call options on both Pfizer and Citigroup, and $20 million in Kraft Heinz calls.
The investor has used Twitter to warn of speculative bubbles in markets and predict a devastating crash. He's also tweeted criticism of Tesla - which he's short - as well as bitcoin, Dogecoin, Robinhood, and the GameStop buying frenzy this year. On the other hand, he recently praised Volkswagen and said he owned a stake in the automaker's largest shareholder, Porsche SE. Burry signaled he was taking a break from Twitter earlier this month, telling his followers he had made his views clear. His latest tweet suggests he's not planning a return anytime soon.
Our sages said that one should learn on the other's failure, and not on our own. I should stop this public diary, I know.
No comments:
Post a Comment