"Accordingly, when Michael Burry and other market skeptics speak, I listen. First of all, I'm a big fan of Michael Lewis and all his books, with The Big Short being an even better read than the movie (which was great by the way). But the reality is that when you see the world differently, and everyone's acting like nothing is happening, it can be frustrating."
"The thing is, calling a bubble a bubble doesn't take much in the way of fortitude to do so. Burry was right about the subprime bubble, and there may well be one brewing again. However, some investors have viewed his other posts around valuations being ultra-high, and his outright calls of a bubble around certain AI stocks, as indicative of him calling the next bubble."
An individual describes a naturally pessimistic outlook and compares that perspective to being a short-seller, seeing markets through darker-tinted lenses. Michael Burry and other market skeptics attract attention from the narrator, who values caution amid widespread complacency. Burry earned recognition for predicting the subprime crash but faces ridicule for frequent bearish calls as markets rise. Some warnings focus on extreme valuations and potential bubbles in AI stocks, while others frame his commentary as broad market caution. Burry distributes sweeping market views via an independent newsletter and appears intent on avoiding being perceived as early in public opinion. Monetary policy conditions differ from the 2010s.
Read at 24/7 Wall St.
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