Michael Burry, who shorted the housing market in 2008, has bet over $1 billion that the shares of AI companies Nvidia and Palantir will fall.
  • Twongo [she/her]@lemmy.mlEnglish
    292·
    8 hours ago

    since his bet on the housing market he effectively lost money. all the public things he made can also be safety investments in case his secret hedgefund stuff he doesn’t have to disclose fails.

    • this is what an ex-financebro told me yesterday

    i LOVE LOVE LOVE the thought of the AI Bubble popping… but i don’t think this MF is the guy to trust

    • someacnt@sh.itjust.worksEnglish
      71·
      7 hours ago

      Yeah, my heart sank a little when I saw burry shorted, it was about the same time I opened a small short position. I am so screwed…