Michael Burry is a hedge fund manager renowned for founding Scion Capital and predicting the 2008 subprime mortgage crisis. His foresight, detailed in Michael Lewis’s The Big Short, which was made into an Oscar-winning film, earned him $100 million personally and $700 million for investors by shorting mortgage-backed securities.
Burry’s contrarian approach is rooted in meticulous research and value investing inspired by Benjamin Graham. Known for spotting market bubbles, he has warned of risks in passive investing and inflation.
His renamed Scion Asset Management hedge fund just filed its latest quarterly report, and Burry made headlines again because he sold 12 of the 13 stocks in his $77.4 million portfolio. More to the point, Burry is once again aggressively shorting the market.
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