Michael Burry, founder of Scion Asset Management and noted for predicting the 2008 financial crisis, has recently shifted his investment strategy significantly. After turning bearish on his previous holdings, he sold 12 of the 13 stocks in his $77.4 million portfolio, including major shares in Alibaba and Molina Healthcare. This move signals a ramping up of his bearish market strategies, as he is now focusing on buying put options instead of holding stocks. Burry's history of shorting market bubbles has made him a notable figure in finance, emphasizing the risks of passive investing.
Known for spotting market bubbles, Burry has warned of risks in passive investing and inflation, while making strategic moves with his hedge fund portfolio.
Burry's contrarian approach, rooted in meticulous research and value investing inspired by Benjamin Graham, sparked the GameStop meme stock frenzy in 2021.
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