"So, I bought 50,000 of these things for $1.84.Each of those things is 100 doodads. So I spent $9,200,000, Not $912,000,000. @CNBC @WSJ @FTEach of those doodads let me sell $PLTR at $50 in 2027. That was done last month. On to much better things Nov 25th. pic.twitter.com/9Voy3nwiTD- Cassandra Unchained (@michaeljburry) November 13, 2025"
"Sometimes, we see bubbles,"
"Sometimes, there is something to do about it. Sometimes, the only winning move is not to play."
Michael Burry terminated Scion Asset Management's SEC registration and will no longer manage money for external clients. Scion was deregistered on Monday, and the firm managed about $155 million across four accounts in late March according to its Form ADV filing. Burry posted a screenshot showing the terminated status and signaled he was "on to much better things" after recent option trades. Scion's third-quarter update revealed bearish put options on leading AI stocks, including Nvidia and Palantir. Burry likened the AI boom to the dot-com bubble and warned that sometimes the only winning move is not to play.
Read at Business Insider
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