Reject greed! The prototype of "The Big Short" reiterates: AI is replaying the prelude to the 2000 crash.
Michael Burry, who accurately hunted the 2008 crisis and raked in 800 million bucks, is speaking out again: Don't be fooled by the illusions of AI!
The current market logic has detached from fundamentals, devolving into a pure dumb money game.
He believes that the astonishing valuation of OpenAI compared to countless loss-making AI projects resembles those internet bubble days with 48x sales multiples.
Burry is watching this big tech infrastructure race with a cold eye, stating that over-investment might only lead to "outdated prosperity."
In this dangerous phase where going short can easily lead to liquidation, the smartest strategy is often to hold cash and wait. Stay away from the madness driven by "fear of missing out" and maintain absolute safety in cash flow.
Remember, when this legendary figure chooses to go dark and reallocate his portfolio, it often signals that an epic collapse of over 50% is on the horizon.
Michael Burry, who accurately hunted the 2008 crisis and raked in 800 million bucks, is speaking out again: Don't be fooled by the illusions of AI!
The current market logic has detached from fundamentals, devolving into a pure dumb money game.
He believes that the astonishing valuation of OpenAI compared to countless loss-making AI projects resembles those internet bubble days with 48x sales multiples.
Burry is watching this big tech infrastructure race with a cold eye, stating that over-investment might only lead to "outdated prosperity."
In this dangerous phase where going short can easily lead to liquidation, the smartest strategy is often to hold cash and wait. Stay away from the madness driven by "fear of missing out" and maintain absolute safety in cash flow.
Remember, when this legendary figure chooses to go dark and reallocate his portfolio, it often signals that an epic collapse of over 50% is on the horizon.