Michael Burry, the hedge fund manager who famously predicted the 2008 housing crash and was immortalized in the film "The Big Short," has launched a new platform on Substack to sound the alarm about what he believes is an emerging market bubble – this time targeting Artificial Intelligence (AI) companies. In a move that echoes his past warnings, Burry has amassed over 35,000 subscribers with his newsletter, which promises to break down markets and share investment ideas freely.
Burry's latest warning is reminiscent of the lead-up to the dot-com crash of the early 2000s, where he drew parallels between Nvidia's recent market valuation and that of Cisco, a tech company whose stock soared and then collapsed during the same era. Burry also cited former Federal Reserve chair Alan Greenspan, who assured investors in 2005 that a housing bubble "does not appear likely," only to see the crisis unfold.
In his X post announcing his Substack, Burry pointed out that Jerome Powell, the Fed's current chair, has described A.I. companies as "profitable" and "different" from previous speculative manias. This assertion sparked fresh attention online, with many taking notice of Burry's latest market calls.
Burry's track record is mixed, having made several market calls in recent years that didn't pan out. However, his latest warnings about A.I. have generated significant buzz, particularly after he returned to X to post a warning in October, stating that "sometimes we see bubbles...and sometimes there is something to do about it."
In launching his Substack, Burry cited the constraints of running a hedge fund as one reason for his decision to share investment ideas more freely. "Running money professionally came with regulatory and compliance restrictions that effectively muzzled my ability to communicate," he wrote in his description.
Burry's new platform promises to deliver one to two posts per week, along with occasional Q&A sessions, videos, and guest contributions. Despite closing his hedge fund Scion Asset Management a few days after launching the Substack, Burry assured readers that he is "not retired" and continues to enjoy analyzing companies and markets every day.
With over 35,000 subscribers already on board, it remains to be seen how effectively Burry will be able to break down markets and share his investment insights. One thing is certain, however: Michael Burry's reputation as a Cassandra-like figure has only grown stronger, and investors are now paying close attention to his latest warnings about the A.I. market bubble.
Burry's latest warning is reminiscent of the lead-up to the dot-com crash of the early 2000s, where he drew parallels between Nvidia's recent market valuation and that of Cisco, a tech company whose stock soared and then collapsed during the same era. Burry also cited former Federal Reserve chair Alan Greenspan, who assured investors in 2005 that a housing bubble "does not appear likely," only to see the crisis unfold.
In his X post announcing his Substack, Burry pointed out that Jerome Powell, the Fed's current chair, has described A.I. companies as "profitable" and "different" from previous speculative manias. This assertion sparked fresh attention online, with many taking notice of Burry's latest market calls.
Burry's track record is mixed, having made several market calls in recent years that didn't pan out. However, his latest warnings about A.I. have generated significant buzz, particularly after he returned to X to post a warning in October, stating that "sometimes we see bubbles...and sometimes there is something to do about it."
In launching his Substack, Burry cited the constraints of running a hedge fund as one reason for his decision to share investment ideas more freely. "Running money professionally came with regulatory and compliance restrictions that effectively muzzled my ability to communicate," he wrote in his description.
Burry's new platform promises to deliver one to two posts per week, along with occasional Q&A sessions, videos, and guest contributions. Despite closing his hedge fund Scion Asset Management a few days after launching the Substack, Burry assured readers that he is "not retired" and continues to enjoy analyzing companies and markets every day.
With over 35,000 subscribers already on board, it remains to be seen how effectively Burry will be able to break down markets and share his investment insights. One thing is certain, however: Michael Burry's reputation as a Cassandra-like figure has only grown stronger, and investors are now paying close attention to his latest warnings about the A.I. market bubble.
, he sounds like he's trying to make a quick buck off people's fears, you know? I mean, sure, he did predict the housing crash back in 2008, but that was one of those rare cases where he actually called it right. But this AI thing is just another speculative bubble in my book 
, and I'm not convinced he's got the inside scoop on how to navigate it.
. I'll believe it when I see it, Burry's got some serious credibility to regain after that Scion thing went under 
I mean, I've been following Burry for a while now and his track record isn't exactly stellar 
. I'm all for someone speaking out against what they think is a bubble, but 35k subs in like two days? That's wild! 
Maybe he'll deliver some solid insights, maybe he won't 
Either way, it's gonna be fun to watch from the sidelines and see how this all plays out 
His dots on Nvidia and Cisco back in the day still ring true, imo. What's got me curious is how he's gonna break down these AI companies and share his investment ideas without getting caught up in the hype 
, but Burry's also highlighting some key differences between this cycle and previous speculative manias 
Will he be able to call out the AI bubble before it bursts? Only time will tell 
, that's crazy! I think he's got some legit points tho, AI is booming rn & it feels like everyone wants a piece of it 
. Still, his track record is pretty sketchy, so we'll see how this one plays out 
. The thing is, AIs are getting crazy expensive 
nvidia vs cisco was a pretty obvious case, but isnt this ai bubble just another speculative mania waiting 2 happen? 
. He makes some valid points though - the whole Nvidia vs Cisco thing was kinda eerie. And what's up with Jerome Powell calling out AI companies as "profitable" and "different"? That doesn't sound like a neutral chairperson to me 
. At the same time, Burry's got a point about how Powell is downplaying the risks. That Jerome Powell guy is always good for a laugh 
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. Burry's got some good points about Nvidia's valuation being kinda crazy compared to Cisco back in the day, but that was like, 20 years ago... and look how that played out 
. He's made some solid calls, but also some whoppers that didn't work out 
. And now he's just gonna chime in on the AI hype without any real credentials? 
It's like he's trying to be the next big thing 
. I mean, he just closed his hedge fund and started a Substack with like, no warning 
. That's some unconventional thinking right there 
.
. Will Burry actually break down markets or is he just another guy screaming into the void? 
I guess we'll just have to wait and see