83 days ago
The hero of the big short, who made a killing ahead of the housing crash and GFC of 2008, Michael Burry, has called AI out as a bubble taking a $1 billion bet against Nvidia and Palantir (US:PLTR). The latter trades on a PE of 433 with a market cap of $452 billion but its CEO Alex Karp reckons shorters are guilty of market manipulation, that it is unpatriotic not to back his company and that it will all be different tis time. The video interview below with a sycophantic creep at CNBC makes me fear for the health of Karp as he talks utter piffle. It makes a compelling case for hating the MSM but also for shorting Palantir.
756 days ago
After the GFC folks said that credit rating agencies were a joke. Companies would pay them to provide a report saying how solid their finances were and then they went bust. Reform! Reform! Went up the cry. And then nothing happened. Today Fitch has opined on carpets roll-up and the owner of a possible money launderer, Victoria (VCP).
