
Michael Burry urged investors to scale back exposure to surging technology stocks, saying the current market environment has reached historically dangerous extremes reminiscent of prior speculative bubbles.
The famed investor, best known for predicting the 2008 housing collapse, said investors should "reject greed" as enthusiasm around artificial intelligence and momentum-driven trades pushes valuations sharply higher.
"An easier way for most is to simply reduce exposure to stocks, to tech stocks in particular. For any stocks going parabolic reduce positions almost entirely," Burry wrote in a Sunday Substack post.
Burry has been warning for months that the stock market's AI fixation increasingly resembles the final stages of the dot-com bubble. Last week, he compared the recent trajectory of the Philadelphia Semiconductor Index (SOX) to the run-up that preceded the collapse of technology stocks in March 2000, saying the current environment feels like "the last months of the 1999-2000 bubble."
Michael Burry says to “reject greed” and “for any stocks going parabolic reduce positions almost entirely” amid AI bubble fears
byu/callsonreddit inwallstreetbets
Posted by callsonreddit
42 Comments
This dude will bankrupt us all with his horrible plays
Fuck him
Bro so irrelevant. He made 1 autistic bet that paid off
Took profit on MU after 600% gain. It was painful watching it go up another 30%, but oh well
This guy was right one time and constantly wrong after that. Just inverse this fool
No. I’m sufficiently leveraged for my personal risk tolerance.
Soooo buy? This dude is notoriously wrong… lol
Greed is privatizing FNMA which is that actual asset that backs the United States Treasury.
wrong thread
the phrase “reduce positions almost entirely” sounds way too exra
RAHHHH my puts will print
This fuck said a few years ago to ‘sell’ before we constantly reached ATH
He isn’t wrong but now the money machine will go burrr….
I was gonna stop buying calls but now im doubling
Bullish
Boo this man
He’s an idiot
Burry says this every year. He’ll be right again eventually but he’s basically spamming his one move until it happens.
“Sell”
Michael Burry, 1/31/2023
I would also reject greed if I were a billionaire.
Ok dude
Is it not greed to short the housing market and make billions by doing so? The media needs to cut the legs off his pedestal already
This guy has so much shorts on tech stock. Now he’s resorted to begging people to sell their tech stocks…
Broken clock vibes.
The tech bubble burst soon after my Fantasy Football League chat became mostly about stocks. We’re not there yet.
Yeah…Well…That’s Just Like…Uhh…Your Opinion Man.
Tryna manipulate shit so he can buy cheaper. What a scumbag
Remember he had to hold his puts for a year and he was hemorrhaging money while waiting for it. No one knows when this will crash. All we have are our gains
No ballz
I don’t know why he gets so much hate… Even prior to 2008 (his big short) he had success before that.. 2000 thru 2002….55, 16, 50.. while the spy was collapsing.
I legit listen to him, even when I don’t understand the thesis (GameStop). His nature is to value things based on cash flow, so that will miss a lot of Nvidias and palantirs.
But that’s ok, you can get very rich off shit companies like kohls or Molina healthcare if you pay the right price, which he specializes in uncovering.
Might as well make the bread now. I didn’t make any moves and regret that. Left my money is vusxx instead of going sandisk
Remember his famous “sell” tweet and the market ripped 80% lol
This guy tryna short the entire market so his puts print. He got the 2008 short right and now hes acting god. lool
And why does he think he is still important and people should listen to him? He is no better than us. He is one of us.
“The bubble pop I’m heavily invested in isnt popping!! What do I do?? My substack isn’t working.. I know, I will tell everyone to ‘reject greed’ and hope that enough people reduce positions and cause the pop”
Ha ha. It’s different this time!
Damn…I’m a ber and this means the top isn’t even in yet :sadpepe:
Only a 🌈🐻 who’s down bad would say this. This guy is doing fucking mental gymnastics all day in his lululemon leggings for the past 9 months.
He believed he was early, there’s no date stamp on this rally.
Ok but how long before the 2000 bubble did he start shorting/selling shit? Same thing with the mortgage crisis where he was too early and bleeding money until his bet finally hit. Average regards cant afford his level of fuckery
https://preview.redd.it/tdb46qfiws0h1.jpeg?width=1408&format=pjpg&auto=webp&s=248cea2e4fbcec04e3d7ca2075ab6c31677a461c
Stfu burry
Inverse Burry?