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Thanks for sharing. Michael Bury also shorted S&P 500 in Sep 2023 and closed his position in Nov 2023 for a nice payoff… he seems to know what he is doing.
by dh2022 1y ago
Thanks for sharing. Michael Bury also shorted S&P 500 in Sep 2023 and closed his position in Nov 2023 for a nice payoff… he seems to know what he is doing.
- bgirard 1y agoI'm legitimately curious what his overall performance is. Are those just cherry picked trades?
- Havoc 1y agoHis wins were quite big so I’d imagine he’s doing really well overall
- bgirard 1y agoIs there anything more concrete than that? Large wins on their own aren't meaningful if they aren't good risk adjusted trades or repeatable. I've made big wins but I don't consider myself a good trader.
- zipy124 1y agoFrom may 2020 to may 2023 they did 56% annualised. Performance apart from that is unreported, so likely lower or negative.
- lotsofpulp 1y agoIf this is the source, it does not seem like an objective, audited figure: https://edition.cnn.com/2023/08/15/investing/michael-burry-stock-market-crash/index.html https://edition.cnn.com/2023/08/15/investing/michael-burry-s... >Traders following the investments disclosed by Scion’s over the last 3 years (between May of 2020 and May 2023) would have made annualized returns of 56% according to an analysis by Sure Dividend Seems like Scion Capital could have just disclosed winning trades, that they may or may not have made?
- embedding-shape 1y agoAs far as I can tell, he been doing lots of puts and "winning" maybe 1/8 of the ones I've known about, so pretty hit and miss history so far.