Social The "Big Short" Michael Burry Liquidates Entire Portfolio, Holds Just One Stock At End Of Q2

[Diogenes of Sinope]

Michael Burry of "The big short" The guy who shorted the mortgage bond market in 2007 before the 2008 crash, has liquidated his entire portfolio.

I havent followed this guy closely, but keep seeing investment channels talk about him as of recent. What say you investment-savvy Sherdoggers? Is this alarming, what are your thoughts on Burry. @TeTe

 

[Fox by the Sea]

well it's all just monopoly money
we just pretend it's not so we don't go back to killing each other for food.
civilization requires we act like it's all real.

 

[SammyPops]

Interesting since the equity markets rebounded in July.

 

[syct23]

well it's all just monopoly money
we just pretend it's not so we don't go back to killing each other for food.
civilization requires we act like it's all real.

Restart every few hundred years is required..

 

[TheTickG]

Big fan of the movie.

But, when this type of thing gets advertised, my first guess is that there's some kind of agenda.

On a side note, I heard the Wolf of WallStreet guy is holding 50k seminars on crypto.

 

[Diogenes of Sinope]

On a side note, I heard the Wolf of WallStreet guy is holding 50k seminars on crypto.

 

[KBE6EKCTAH_CCP]

Michael Burry of "The big short" The guy who shorted the mortgage bond market in 2007 before the 2008 crash, has liquidated his entire portfolio.

I havent followed this guy closely, but keep seeing investment channels talk about him as of recent. What say you investment-savvy Sherdoggers? Is this alarming, what are your thoughts on Burry. @TeTe

Zero Hedge is perma bull, announce the end of the world all the time. Used to be a gold bug den 10 y ago now it s an outfit for crazies.

 

[IndyCovaHart]

Robert Kiyosaki also tells me the end is near so I went and bought a pocket knife.

 

[Literally Bricked]

well it's all just monopoly money
we just pretend it's not so we don't go back to killing each other for food.
civilization requires we act like it's all real.

Oddly enough today is the anniversary of President Richard Nixon announcing that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard.

 

[Literally Bricked]

Interesting since the equity markets rebounded in July.

Lots of analysts/equity commentators see it as a bear market rally.

 

[Get To Da Choppa]

Michael Burry of "The big short" The guy who shorted the mortgage bond market in 2007 before the 2008 crash, has liquidated his entire portfolio.

I havent followed this guy closely, but keep seeing investment channels talk about him as of recent. What say you investment-savvy Sherdoggers? Is this alarming, what are your thoughts on Burry. @TeTe

From the article

and instead held on to just one stock: private jail operator GEO Group, which he had previously invested in but had dumped all of his holdings at the end of 2021 only to sport a modest $3.3 million, or 501K share position, as of June 30.


Interesting...




The 87000 storm troopers, I mean IRS agents are coming for you!

 

[SammyPops]

Lots of analysts/equity commentators see it as a bear market rally.

for sure, but you need to amke 2 damn near perfect decisions when timing the market, when to get out andwhen to get back in.

Power to them if they can do it.

I aint that smart. Its time in the market, not timing the market for me.

 

[Chesten_Hesten]

If you want to make real money you gotta follow the real players like Nancy Pelosi and Dan Crenshaw!

 

[Fedorgasm]

Well today certainly helped his case.

 

[Diogenes of Sinope]

Well today certainly helped his case.

what did I miss

 

[My name is]

They guy is wrong a lot. You can get get rich doing the opposite of him

 

[NoSmilez]

What!!! BBBY at 30 dollars wasn't a good buy in? Stonks only moon!!!

 

[Fedorgasm]

what did I miss

Just a shitty day for the market. SPY down over 2 percent. Meme stocks down much more

 

[Rob Battisti]

Just another Monday in Crypto