The Big Short guy is short on trust in the state of the current economy. Earlier this week, it came to light that Michael Burry, famously depicted by Christian Bale in Adam McKay’s telling of the 2008 housing crisis, is shutting the doors to his hedge fund Scion Capital because he believes the market is completely detached from fundamentals.
In a letter dated October 27 informing his investors of his plans to liquidate the fund, he wrote, “My estimation of value in securities is not now, and has not been for some time, in sync with the markets.” The move comes shortly after Burry publicly shared that he had short positions against Trump administration-aligned defense tech firm and surveillance-state facilitator Palantir and chip giant Nvidia. On X, Burry revealed that his position has

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