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> Burry diagnosed the "greatest speculative bubble of all time in all things" in June 2021, and warned buyers of meme stocks and cryptocurrencies were headed fo

> Burry diagnosed the "greatest speculative bubble of all time in all things" in June 2021, and warned buyers of meme stocks and cryptocurrencies were headed for the "mother of all crashes." Such amazing insight. There is a doom bloviaton roster who get trotted out in the financial press to state the obvious post-facto every time there is a market correction and they can generally point to their track record of having predicted 20 of the last 3 crashes.

libertine 4y ago
Another way to look at it is that he simply voiced it, while others knowingly stayed silent or touted everything was fine.
- seanhunter 4y ago
  Firstly, a vast swathe of commentators have been saying for some time that it's a bubble. You don't need to be some sort of prophet to see that reddit meme stocks and half-million-dollar monkey jpeg profile pictures constitute a bubble. Secondly just saying that the squiggly line is going to go down at some point in the future is not insight. Ask Melvin Capital how spotting the bubble in meme stocks worked out for them. Markets can remain irrational longer than you can stay solvent and all that. Listening to these guys (or the shills who keep saying things will go up because they're no different) is like when they conduct a prematch interview with an athlete. "What's your plan for the game?" "Well what we gotta do is score a lot of points and stop the other guys from scoring points. If we can do that, we'll win."
unmole 4y ago
> Burry diagnosed the "greatest speculative bubble of all time in all things" in June 2021, and warned buyers of meme stocks and cryptocurrencies were headed for the "mother of all crashes." I thought Index funds were supposed to be a bubble? https://www.bloomberg.com/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos#xj4y7vzkg https://www.bloomberg.com/news/articles/2019-09-04/michael-b...

libertine 4y ago

Another way to look at it is that he simply voiced it, while others knowingly stayed silent or touted everything was fine.

seanhunter 4y ago
Firstly, a vast swathe of commentators have been saying for some time that it's a bubble. You don't need to be some sort of prophet to see that reddit meme stocks and half-million-dollar monkey jpeg profile pictures constitute a bubble. Secondly just saying that the squiggly line is going to go down at some point in the future is not insight. Ask Melvin Capital how spotting the bubble in meme stocks worked out for them. Markets can remain irrational longer than you can stay solvent and all that. Listening to these guys (or the shills who keep saying things will go up because they're no different) is like when they conduct a prematch interview with an athlete. "What's your plan for the game?" "Well what we gotta do is score a lot of points and stop the other guys from scoring points. If we can do that, we'll win."

unmole 4y ago

> Burry diagnosed the "greatest speculative bubble of all time in all things" in June 2021, and warned buyers of meme stocks and cryptocurrencies were headed for the "mother of all crashes." I thought Index funds were supposed to be a bubble? https://www.bloomberg.com/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos#xj4y7vzkg https://www.bloomberg.com/news/articles/2019-09-04/michael-b...