I warned you all about Michael Burry:
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I warned you all about Michael Burry:
Burry’s $912M in Palantir puts is a high-risk move that would vaporize most portfolios if it goes sideways. I wouldn’t touch that position. Too much capital. Too much downside.
You know who should’ve listened? Burry himself.
Because look at what just happened: he’s shutting down Scion Asset Management after those massive shorts blew up. He went all-in, the trades went against him, and the whole thing came down.
And the worst part is how many people followed him straight into the abyss. They didn’t do their own diligence. They just assumed the Big Short guy still had a magic touch.
This is exactly why I keep warning people away from bubble narratives and hero worship. They don’t save you when the trade is bad.
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I warned you all about Michael Burry:
Burry’s $912M in Palantir puts is a high-risk move that would vaporize most portfolios if it goes sideways. I wouldn’t touch that position. Too much capital. Too much downside.
You know who should’ve listened? Burry himself.
Because look at what just happened: he’s shutting down Scion Asset Management after those massive shorts blew up. He went all-in, the trades went against him, and the whole thing came down.
And the worst part is how many people followed him straight into the abyss. They didn’t do their own diligence. They just assumed the Big Short guy still had a magic touch.
This is exactly why I keep warning people away from bubble narratives and hero worship. They don’t save you when the trade is bad.
@atomicpoet The best comment I read on this "We gotta give him some credit, he predicted 12 of the last 2 crashes."
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