Michael Burry of “The Big Short” fame.Kevin Mazur/WireImage
Michael Burry issued dire warnings, took short positions, and pounced on bargains in 2023.
The investor predicted inflation and recession, and bet against the S&P 500 and microchip stocks.
Here are “The Big Short” star’s three big highlights of the year.
Between his bleak forecasts for the stock market and economy, his bets against the S&P 500 and microchip stocks, and his bargain hunting during the regional-banking crisis, Michael Burry had an eventful 2023.
The investor is best known for predicting and profiting from the mid-2000s housing bubble, after his massive bet was immortalized in the book and movie “The Big Short.” He also placed eye-catching bets against Elon Musk’s Tesla and Cathie Wood’s flagship Ark fund in 2021, and bought into GameStop long before it became a meme stock.
Here are Burry’s three highlights of 2023:
1. Doom and gloom
Burry started the year in classic style with a slew of grim predictions.
“Inflation…
2023-12-31 21:23:02
Link from finance.yahoo.com