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Michael Burry, from 'The Big Short', Closes His Fund and Predicts a Collapse Worse than 2008 🚨
Michael Burry, the famous investor who predicted the 2008 crisis, has shaken Wall Street by announcing the closure of his hedge fund, Scion Asset Management. His decision is a warning sign for the global market.
Reason for Closure: Burry will return the capital to his investors as he believes his way of valuing assets no longer fits with the "current madness of the market," stating that stock prices "make no fundamental sense."
The AI Bubble: The investor compares the current euphoria for technology, especially during the surge of Artificial Intelligence (AI), to the dot-com bubble.
Gloomy Forecast: Burry warns that we could be on the brink of a stock market collapse that could be worse than those that occurred in 2000 or 2008.
By closing his fund, Burry frees himself from SEC regulations and plans to share his unfiltered analyses on the "game he considers rigged and destined to fail" through a subscription newsletter.
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