Michael Burry has turned from water to wine. The star of “The Big Short,” who made waves for investing in water after calling the collapse of the mid-2000s US housing bubble, explained why he’s betting on fine wines in a Substack post on Thursday. Burry, who pivoted from running a hedge fund to writing about
Michael Burry says the seemingly unassailable positivity around AI reminds him of the dot-com and housing bubbles — and warns the mania could have far more devastating consequences than Enron’s collapse. A subscriber to Burry’s Substack told him in a chat thread this week that it felt like “we are witnessing a massive coordinated effort
Elon Musk says AI will create such abundance that governments will provide for everyone and work will become an option. Michael Burry says getting there will be a tough road. “AI+ robots will be able to do everything, resulting in high universal incomes,” Musk recently posted on X. “Work will be optional.” “False,” Burry replied.
