Burry Crashed and Burned - Scion is done!

Not long ago, I made a post on how Burry was insane to short AI - in particular, NVDA - PLTR, PLTR you could argue is frothy.

Anyhow as it turns out - putting Burry’s recent moves together — his liquidation letter, his posts about hyperscalers losing value, and his Big Short meme — and he’s sending one message:

He is a PermaBear - only knows pessimism. And yeah... bears are right 20% of the time and they make markets. But all permabears eventually go broke. He was a smart fellow but failed to understand the power of real AI AGI like Tesla saving lives.

But he is sort of right ... some of the Hyperscalers are going to get smashed. Timing is everything and he is sometimes too early and wrongly positioned.

Investing is hard.... but his track record since nailing the GFC is horrific.

Jan 2017 – Predicted a global financial collapse and WW3 were imminent.

Sep 2019 – Claimed index funds were the next CDOs, ready to implode like 2008.

Dec 2020 – Shorted Tesla, said its price was “ridiculous” and destined to crash.

Jan 2021 – Reiterated that Tesla’s valuation would implode soon. shares kept doubling. My favorite.

Jan 2021 (late) – Argued GameStop’s rally wouldn’t repeat. it exploded again weeks later.

Feb 2021 – Warned the entire stock market was “dancing on a knife’s edge.”

Feb 2021 – Claimed inflation would destroy Bitcoin. it hit new highs later that year.

Feb 2021 – Called Robinhood a “dangerous casino” it kept growing users and revenue. Up almost 1000x

Mar 2021 – Said Bitcoin was a speculative bubble. it kept rallying. Whoops

Jun 2021 – Predicted the “mother of all crashes” and sold everything. market kept going like LEGEND David Goggins. In Fairness Jamie Dimon said the same.

Sep 2022 – Forecasted massive stock failures ahead. indexes finished the year higher.

Aug 2023 – Bet $1.6 B on a total market crash, tweeted “Sell,” later admitted “I was wrong to say sell.” Do we know how much he lost?