submitted 1 year ago by [email protected] to c/[email protected]

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Michael Burry, who founded Scion Asset Management, appears to have placed a large proportion of the fund's assets at risk.

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[-] [email protected] 6 points 1 year ago

Here's the list:

In December 2015, he predicted a stock market crash in the following months, but the S&P 500 saw an 11% gain in the subsequent 12 months.
In May 2017, he predicted a new financial collapse, yet the S&P 500 recorded a 19% increase in the following 12 months.
In September 2019, he forecasted a stock market crash due to an "indexed ETF bubble," but the S&P 500 gained 15% in the next 12 months.
In March 2020, he perpetually held a bearish view, but the S&P 500 surged by 72%.
In February 2021, he predicted significant stock market declines due to a speculative bubble, yet the S&P 500 increased by 16% in the subsequent months.
In September 2022, he forecasted further failures and that the lows hadn't been touched, but the S&P 500 performed positively with a 21% gain.
In January of this year, he foresaw a recession and a new cycle of inflation, yet the S&P 500 achieved remarkable positive performance.

Not saying he’s wrong, just was curious on his track record.

this post was submitted on 18 Aug 2023

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