Michael Burry, who founded Scion Asset Management, appears to have placed a large proportion of the fund’s assets at risk.
Sounds good bruh I’ll be buying stocks every week as ever.
But why Christian Bale?
Have you seen the movie, The Big Short? Burry is played by Christian Bale
Nope! Thanks.
But why male models?
Are you serious? I just told you about that.
I believe he has puts for a nominal stock value of 1.6b. That could be a 1M, 10M, or 100M in actual expenditure depending on his strike and expiry. The degenerates on wsb regularly place yolo calls or puts on millions or tens of millions in value for a few thousand dollars.
I don’t understand what you mean but I assume big money man knows how to make smart money choices.
Big money man’s magic 8 ball was right once, but looks like lately the blue goo has drained out of it.
Commercial real estate mortgage backed securities market, anyone? Why indeed are they all pushing return to office so hard…
My only question is…how can I get in on that investment? I also think the stick market is going to crash but no clue how one goes about betting against it…
Don’t tell my labrador!
its clearly stated in the article. PUTS against the QQQ and S&P funds. anyone with an account and money can get in on this action.
PS. i think he’s 12 weeks early for the best deals. I’ll wait for the followers to panic sell and buy up those same funds for far less. 2024 is going to suck for the whole planet.
“Options trading involves risk. Return of investment not guaranteed. Please consult with a certified financial advisor before investing. “ etc etc is probably a worthwhile warning for anyone who doesn’t know how to get into this trade…
I am a random stranger on the internet. if you invest on my recommendations then you’re a moron and deserve to lose money.
I did just read that people apparently spent tons of money on digital monkey pictures…, and are even trying to sue someone because they did. Crazy world we live in
A lot of people are everyday. Just buy puts.
Do you have any billions of dollars lying around? I somehow doubt it can be done for under $100…but I also have zero clue
Think he should probably be arrested instead
Why?
Don’t think rich people should be able to bet against the economy
It’s not like his investment is going to cause the crash. And there is a small issue with his plan, which is that the US government is happy to just turn on the money cannon to prop up stock prices instead of letting it correct itself.
