"The blog is now Burry's "sole focus" and promises a "front row seat to his analytical efforts and projections for stocks, markets, and bubbles, often with an eye to history and its remarkably timeless patterns." Burry has published two initial posts, one titled "Foundations: My 1999 (and part of 2000)" and the other titled "The Cardinal Sign of a Bubble: Supply-Side Gluttony." The former recalls his time as a neurology resident at Stanford University Hospital, where he wrote about value investing at night."
"The second post aims straight at the heart of the AI boom, which he calls a " glorious folly" that will require investigation over several posts to break down. Burry goes on to take aim at a common argument about the difference between the dot-com bubble and AI boom - that the companies 25 years ago were largely unprofitable while the current crop are money-printing machines."
Michael Burry launched a paywalled Substack called Cassandra Unchained and made the project his sole focus, offering market analysis with historical perspective. He published two initial posts: one recounting his late-1990s value-investing background while a neurology resident, and another diagnosing supply-side gluttony as a cardinal sign of bubbles. He characterizes the AI boom as a "glorious folly," challenges claims that current tech firms are categorically different from dot-com-era leaders, and highlights Nasdaq reliance then on highly profitable large caps such as Microsoft, Intel, Dell, and Cisco while warning that overbuilt supply versus demand risks repeating past bubble dynamics and singling out Nvidia as analogous to Cisco.
Read at Business Insider
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