good news for those of us holding cash

Yea ok.

Brb.....buys Puts.....publishes article, people sell, price drops, put price goes up, he sells his put options way before expiration and makes bank, re-invests those profits buying back in at cheaper share prices, market figures out no real crash and goes back up, makes money again.

Articles like this should be illegal....it's not telling you useful information, it's making a manipulative suggestion to you on what to do with your money in the market.

The very same guy who sold out of everything in Jan 2023, right before the markets popped off?

This is literally what any hedge fund manager does. They are trying to sell their fund or a narrative that would get them money. Especially true when they get exposure on Bloomberg TV or MSNBC. I still remember when Bill Ackman was CRYING on TV during covid meanwhile he profits 1.6B or somechit lol. It's all a gimmick to get accredited investors to fork over money to pay for others to get rich from.

Burry is actually a really interesting insight into how media and the human psyche etc works because the dude has been wrong about so many things over the last four years. People who follow this stuff closely will be pretty familiar with his doomsday warnings, proclamations, and then deletion of his Twitter account before rinsing and repeating.


Wrong about so many things so many times, but people focus entirely on the one huge crazy bet that worked out

I remember this too. He was telling everyone who would listen that a meltdown in the hospitality industry was about to happen and that it was doomsday for hotel stocks... meanwhile he was buying up hotel stocks. He and his kind belong in prison and the networks that had him on as he did it should be shut down

He takes wins and he takes loses. But his wins are so big his average returns can **** on more traditional investors.
Hedge funds are predatory by nature and make their money by absolutely destroying others. In order for some to win, others must lose.

It’s important to remember that not only was he wrong about every single prediction he ever made, except for one, but even if you followed him on that one prediction that made him famous, you would actually also lose money…

because he was down $1.5 billion for two years, before he made 800 million, you would not be able to sustain that because you don’t have the patience nor the cash, you would be margin called and you would be done. What Michael Burry does with his money is as relevant to you as the price of tea in China. You’re wasting your time listening to him.

Matthew Boyle - Fortune Magazine: Everyone asks your advice. What's the best investing advice you've ever received?

John Bogle: It was the best advice and the earliest advice. I was working at a brokerage house one summer while in college, and one of the guys who was another runner at the firm delivering securities said, "Let me tell you all you need to know about the investment business." I said, "What's that?" He said, "Nobody knows nuthin'." That sounds cynical, but we don't know what the markets hold, certainly not in the short run. We have no idea.

We actually know a few things: market will always go up in a long term because money is going down. The best top companies are black holes that suck up everything else. Short sellers are always ultimately wrong. Literally THE most famous short seller killed himself … that’s how wrong he was when he said market would go down… he actually was so wrong that he killed himself… how much money does one have to be down to off himself… bulls always win in the end.

And here is a big one: stay in!
Remember, Peter lynch made money, but did you know that most investors in his fund lost money? Because he stayed in, while they tried to time the market and kept buying and selling.

RIP his account

learn what notional value means jesus

13F that Burry reported is from

April 1st to June 30th.

2,000,000 short SPY is holding 20,000 puts

2,000,000 short QQQ is holding 20,000 puts

his actual cost to hedge the market via these puts in case of pull back was no more than 5-10% of his net worth. (probably around $5-10 million to put this position on) scion aum is like $150 million using 5-10% to protect longs is something every fund manger does


also you have no idea what he did since July 1st to now.

could have closed position many times over.



best advice delete this moron thread

never confuse luck with skill.

“Each year the prediction industry showers us with $200 billion in (mostly erroneous) information. The forecasting track records for all types of experts are universally poor, whether we consider scientifically oriented professionals, such as economists, demographers, meteorologists, and seismologists, or psychic and astrological forecasters whose names are household words. In fact, these experts whose advice we pay handsomely for routinely fail to predict the major events that shape our world, or even the major turning points--the transitions from status quo to something new--whether it be the economy, stock market, weather, or new technologies. Recent events that caught the forecasters by total surprise include the 1987 stock market crash and its subsequent rapid recovery to record heights; the entry of women into the workforce in massive numbers; the fall of communist Eastern Europe; the Gulf War; the decisive Republican victory in 1994 congressional elections; all recessions, including the crash of 1929 and recent, smaller blips in the financial markets; the use of lasers to transmit telephone messages (even though the phone company’s researchers at Bell Labs invented it); and the floods in the Mississippi River valley in the summer of 1993 and those that plagued California during the winter of 1995. How could all our experts miss calling the fall of communist East Berlin? With all our massive investment in foreign intelligence and our aggressive news media, how did such a momentous event elude them? Why wasn’t it predicted months ahead--or even the day before? No doubt you could name an expert or two who predicted some big, surprising event. But ... did they really? It is very hard to distinguish a long-shot direct hit from pure chance. The laws of probability dictate that if thousands of forecasters make thousands of predictions, someone at some time is bound to make a spectacular direct hit. Typically, these lucky few enjoy their fifteen minutes of fame before sinking back into the ranks of mediocrity as they revert to meting out egregiously wrong forecasts. A prime example is the stock market guru Elaine Garzarelli, who is said to have predicted the 1987 stock market crash--the worst since the Great Depression. At no time before or after this famous forecast has she ever made any similar long-shot forecasts that proved to be true. In fact, her long-term stock prediction track record is rather poor, judging from the performance of a mutual fund she ran for seven years. During this time, her fund increased 38 percent while the Standard & Poor’s 500 Index increased 62 percent. Her employer at the time finally shut down the fund in August 1994.” - William A. Sherden – “The Fortune Sellers”

dnt remember him selling everything

He tweeted a few times about selling all/warning to sell due to market. same story, new day. chit gets old

Is the Pelosi trade tracker still around? That seems like it would be a good way to go.

I was following it for a while, then they banned that account, which is crazy to think about.

Buy high sell low

A look at all of Michael Burry's recent predictions.

In 2005, Predicted the collapse of the subprime mortgage market
-> Housing market crashes in 2008, Global Financial Crisis.

On Dec 2015, he predicted that the stock market would crash within the next few months.
-> SPX +11% Next 12 months

On May 2017, he predicted a global financial meltdown-> SPX +19% Next 12 months

On Sept 2019, he predicted that the stock market would crash due to a bubble in index ETFs
-> SPX +15% Next 12 months

On March 2020, he revealed a massive bearish bet-
-> SPX +72% Next 12 months

On Feb 2021, he predicted that the stock market would crash due to a speculative bubble. Shorts Tesla.
-> SPX +16% Next 12 months

On Sept 2022, he predicted that the stock market warned of more failures, bottom not hit yet.
-> SPX +21% Next 11 months

On Jan 2023, he predicts a recession and new round of inflation. Says “ SELL”
-> SPX +17% Year to Date

On Aug 2023, Reveals Short Positions on the SPY and QQQ

#MichaelBurry #stockmarketcrash

Adam Khoo @adamkhootrader

6:31 AM · Aug 15, 2023

https://ritholtz.com/2023/08/folly-o...short-edition/

There are no good forecasters. Never confuse luck with skill. Nobody knows nuthin'.

“Michael Burry is now down 42% on his “$1.6 billion” S&P 500 and Nasdaq short if he is still holding it.”

https://finbold.com/heres-how-much-m...-stock-market/