patrick.net

Somebody else took the other side of that bet. The media ain't gonna tell you who.

If he loses, he's back to working a W2 job. There just ain't no reason to be gambling like that. If he wins, he will just double down on something else.

We've seen this before. Eventually he will lose it all.

Not exactly; he didn't actually pay that in cash for those options.

If the market dips again so what? In 5 years from now it'll be up a bunch.

Yep, he paid cash for those options (well his fund did). Article says it is 90% of his fund,

Looks like he has something to prove. Many people have a hard time just resting on their laurels

He must miss the publicity he had from when he hit it big.

He bought these puts when the S&P 500 was at a lower level than it currently is ?

What is the expiration date for the puts ?
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He probably already covered some. He acts swiftly, also with equities. The headlines remain of course.

mell says

He probably already covered some. He acts swiftly, also with equities. The headlines remain of course.

Yeah, I'd sell some of the puts to cover all the premium cost for them. So I would break even in the worst case.

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Investor Michael Burry of 'Big Short' fame has closed bets against S&P 500, Nasdaq
Burry's hedge fund Scion Capital disclosed Tuesday in a federal filing with the SEC that it had closed out "put" positions on the SPDR S&P 500 ETF (SPY) and Invesco QQQ Trust (QQQ), which tracks the Nasdaq 100 index, as of the end of September.
Those bearish bets amounted to more than $1.6 billion as of the last trading day of the second quarter. The indexes fell 3.6% and 3%, respectively, during the third quarter.

LOL From the comments

Adrian
8 hours ago

Mr. Burry is the predictor of 246 of the last 3 crises. If you constantly cry wolf, one of those days there might be an actual wolf coming, but that doesn't make you a predictor.

Michael Burry is Col McGregor of investing, LOL.

He's right about semiconductors are going to crash eventually. Just not today, while we're not seeing it in the consumer sector. The Military and Surveillance states around the world are using more than ever. It turns out the Commiefication of the world requires a lot of transistors.

It was a good bet though. All through out the year, China has been reporting factories closing, and whole manufacturing Metro areas has become deserted and a ghost town, as factories has boarded up.

Tenpoundbass says

He's right about semiconductors are going to crash eventually. Just not today

Long term we are all dead. Without answering the question "when?" answering the question "what?" is pointless.

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Michael Burry betted against the market. I wonder if he bought Puts for S&P 500 ETF's such as tickers like SPY.

I wonder how much he closed or sold his Puts contracts, if he actually did sell any of them. We will find out by next April how Burry has fared.



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Shorting is a lazy investment method for impatient people.

clambo says

Shorting is a lazy investment method for impatient people.

Gamblers.

RWSGFY says

Michael Burry is Col McGregor of investing, LOL.

As in "a false prophet and a stupid cunt"

Yeah it was a stupid bet, especially you never short into the Christmas rally. This one was easy to spot months ago. Still he probably still has plenty of cash from his 2008 short bet. You have to be only right bigly once

Michael Burry shutting down his hedge fund.

https://www.reuters.com/sustainability/sustainable-finance-reporting/michael-burry-big-short-fame-deregisters-scion-asset-management-2025-11-13/

AD says

Michael Burry shutting down his hedge fund.

About 1/2 of Google's revenue last quarter was from AI capital expenditures, such as those AI software companies contracting with Google to host their AI software in their data warehouses.

Just like with the ecommerce and internet bubble in 1999, which Ebay and Amazon were among the survivors, there will be survivors from this AI expenditure phase.

Google and Amazon Cloud Services will survive. Both will operate and maintain those data warehouses, and will likely see many of its AI companies clients go bankrupt or get acquired for nickels and dimes on the dollar.

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AD says

AD says

Michael Burry shutting down his hedge fund.

About 1/2 of Google's revenue last quarter was from AI capital expenditures, such as those AI software companies contracting with Google to host their AI software in their data warehouses.

Just like with the ecommerce and internet bubble in 1999, which Ebay and Amazon were among the survivors, there will be survivors from this AI expenditure phase.

Google and Amazon Cloud Services will survive. Both will operate and maintain those data warehouses, and will likely see many of its AI companies clients go bankrupt or get acquired for nickels and dimes on the dollar.

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Are you placing any bets?

Glock-n-Load says

Are you placing any bets?

I think the major "AI" companies like Google and Amazon are safe bets.

Look at just Waymo which is owned by Google and the AI-related brands such as Ring and Alexa owned by Amazon. Also Tesla has the Tesla robot which likely will be used for manufacturing to help bring more manufacturing into the USA.

I think Burry is right, but early on AI. Everything has become a meme stock now and valuations are sky high.

I don't have the stomach to short these stocks, but I have hugely lowered my exposure and I have dry powder in case of a pull back.

DeficitHawk says

I think Burry is right, but early on AI. Everything has become a meme stock now and valuations are sky high.

I don't have the stomach to short these stocks, but I have hugely lowered my exposure and I have dry powder in case of a pull back.

Googl is up 47% year to date at $278, and went from $88 on 1 January 2023 to $192 on 1 January 2025. A lot of this is from AI cloud services and Youtube.

Sergey Brin was right about 10 years ago when he said Googl would shift from revenue dependence on Google search. Brin was talking up AI at a White House dinner recently.

Googl averaged about 20% annual earnings growth over last 10 years, so it should have appreciated 20% annually from around $38 a share in November 2015 to now $235 (compared now to current stock price of $278, and recent all time high of $292).

So Googl has less upside potential for the next year or two, unless the current rate of AI capital expenditures continues in 2026 and 2027.