2 ms·

Michael Burry is back with two bets against Nvidia and Palantir

62 points by jb1991 1y ago

guywithahat 1y ago
Previous similar posts https://news.ycombinator.com/item?id=45813734 https://news.ycombinator.com/item?id=45813734 and https://news.ycombinator.com/item?id=45815852 https://news.ycombinator.com/item?id=45815852 That said I'm not convinced with these famous investors. I worry the big short kind of broke his brain, he's obsessed with these landfall cases now and I'm not sure they're really going to pan out. His last big one was water and I can't imagine he's doing much better than just farmers renting the land he owns.
- furyg3 1y ago
  I definitely think that he thinks he's smarter than the market and sees bubbles everywhere, and I also definitely think that there's a gigantic AI bubble, or at least extreme 'frothiness' with all this circular investing to prop stock prices up. Actually turning a bubble into money is another question entirely, however, especially since he himself popularized shouting the emperor has no clothes at every turn. When the market will believe someone is a different story.
  - Zigurd 1y ago
    Even with obviously ridiculous valuations, being a short means thinking you're smarter than the market, and you can time it, and you are smarter enough that a structurally disadvantaged investment is a good idea.
    - emil-lp 1y ago
      Smarter has nothing to do with it, see e.g. tragedy of the commons.
- mamonster 1y ago
  Eisman, Burry and Paulson all got their brain broken by that. With Burry I think the redeeming part is that he is mostly, AFAIK, running his own capital since that time so there's no point criticizing him for his weird picks. Paulson spent the last decade burning investor capital using the reputation, good for him I guess. Eisman didn't do so well the last decade either, but at least his Youtube / podcast is light years ahead of the garbage that rich VCs are doing in terms of education.
ChrisArchitect 1y ago
[dupe] https://news.ycombinator.com/item?id=45813734 https://news.ycombinator.com/item?id=45813734
- tomhow 1y ago
  Comments moved thither. Thanks!

62 points by jb1991 1y ago

Previous similar posts https://news.ycombinator.com/item?id=45813734 https://news.ycombinator.com/item?id=45813734 and https://news.ycombinator.com/item?id=45815852 https://news.ycombinator.com/item?id=45815852 That said I'm not convinced with these famous investors. I worry the big short kind of broke his brain, he's obsessed with these landfall cases now and I'm not sure they're really going to pan out. His last big one was water and I can't imagine he's doing much better than just farmers renting the land he owns.

furyg3 1y ago
I definitely think that he thinks he's smarter than the market and sees bubbles everywhere, and I also definitely think that there's a gigantic AI bubble, or at least extreme 'frothiness' with all this circular investing to prop stock prices up. Actually turning a bubble into money is another question entirely, however, especially since he himself popularized shouting the emperor has no clothes at every turn. When the market will believe someone is a different story.
- Zigurd 1y ago
  Even with obviously ridiculous valuations, being a short means thinking you're smarter than the market, and you can time it, and you are smarter enough that a structurally disadvantaged investment is a good idea.
  - emil-lp 1y ago
    Smarter has nothing to do with it, see e.g. tragedy of the commons.
mamonster 1y ago
Eisman, Burry and Paulson all got their brain broken by that. With Burry I think the redeeming part is that he is mostly, AFAIK, running his own capital since that time so there's no point criticizing him for his weird picks. Paulson spent the last decade burning investor capital using the reputation, good for him I guess. Eisman didn't do so well the last decade either, but at least his Youtube / podcast is light years ahead of the garbage that rich VCs are doing in terms of education.

ChrisArchitect 1y ago

[dupe] https://news.ycombinator.com/item?id=45813734 https://news.ycombinator.com/item?id=45813734

tomhow 1y ago
Comments moved thither. Thanks!