16 days ago
He called the dot com bubble right (did’nt we all?) but his call on the 2008 housing crash and Lehman debacle was an act of genius and so warnings from Michael Burry should be heeded. Today his warning is on bitcoinagggedon
18 days ago
The year end for David Lenigas spoof the London Bitcoin Company (BTC) is February 28 and so how about a year end trading statement because: here’s the thing, with bitcoin down to $63,000 how on earth can Big Dave pretend his company is truly viable. The shares were 56p at peak ramp last July but are now 2.05p. My target is 0p. Let’s start with Michael Burry of “The Big Short” fame!
129 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.
