'Big Short' investor Michael Burry deleted his Twitter profile again - days after warning of a massive bubble and epic market crash
Michael Burrydeleted his Twitter profile again after issuing a slew of dire warnings.
- The "Big Short" investor had warned of a huge market bubble and predicted a brutal crash.
- Burry rang the alarm on crypto, meme stocks,
inflation, and the Fed in tweets over the past week.
Michael Burry deleted his Twitter account on Monday after sounding the alarm on a colossal bubble in asset prices and predicting the worst crash in history.
The investor of "
"Greatest Speculative Bubble of All Time in All Things" was his description of markets last week. "All hype/speculation is doing is drawing in retail before the mother of all crashes," he tweeted a couple of days later.
Burry offered some tips for investors, too. "Analyze, think independently, be informed, find the data, and you'll know a lot that no one else does," he tweeted.
The fund manager highlighted the opportunity to pinpoint stocks that institutions can't own because of their size, client base, or federal regulations but where there's a path to future ownership.
Burry revealed that he wasn't a fan of the US government stepping in to save banks and insurers during the financial crisis. "I hated the bailouts too!" he tweeted, adding that AIG and Goldman Sachs should have been allowed to collapse.
Notably, the value investor isn't as bearish on "big tech" stocks as might be assumed. He tweeted that recent stock-price gains for Facebook and Alphabet, Google's parent, were "for very good reasons that completely #trump my own personal distaste."
When one of Burry's followers asked whether he'd been approached about making a new movie, presumably on the meme-stock boom this year, he responded, "Believe it or not, yes."
Burry is best known for his starring role in "The Big Short," a book by Michael Lewis that chronicled his billion-dollar bet against the US housing bubble in the mid-2000s. Christian Bale played the fund manager in the movie adaptation.
The Scion chief laid the groundwork for the GameStop short squeeze in January by investing in the video-game retailer back in 2019 and underscoring the company's untapped potential in several letters to its bosses.
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