"Michael Burry has really been making headlines since he closed up shop over at Scion Asset Management with the belief that the broad stock market could be in for a rough couple of years. Undoubtedly, shutting down his hedge fund has also allowed him to be more vocal, with his Cassandra Unchained newsletter. With low expectations for market returns moving forward and ongoing AI bubble concerns, it's no mystery as to why every comment Burry makes has been food for thought."
"Either way, Burry has more flexibility, privacy, and the means to communicate with investors like never before. So, if we are in for a meltdown within the corners of the AI trade, perhaps Burry will be less of a Cassandra, who makes accurate prophecies that nobody listens to, and more of a guide for investors looking to navigate today's pricier market environment more cautiously."
"Undoubtedly, with Warren Buffett now officially retired, perhaps Burry's Cassandra Unchained is what new investors need to navigate a decade ahead that might see prospective returns that are far less than those enjoyed in the previous 10 years. With the S&P 500 up a staggering 260% in the past decade, it's going to be incredibly tough to top such returns for the 10 years ahead."
Michael Burry closed Scion Asset Management and now publishes the Cassandra Unchained newsletter, expressing expectations of lower market returns and concerns about an AI-driven bubble. He believes the broad stock market could face a rough couple of years. Shutting his hedge fund has given him more flexibility, privacy, and direct means to communicate with investors. Burry's cautious stance follows prior bets, including a short position against semiconductor stocks that he later covered as chips rallied in 2024–2025. He also placed successful energy-related trades that paid off amid the U.S.–Venezuela situation. With the S&P 500 up 260% in the last decade, future returns may be harder to match.
Read at 24/7 Wall St.
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