Palantir CEOAlex Karp ranted against short-sellers, calling out specifically Michael Burry after a filing revealed the investor of “The Big Short” fame had bets against the AI software company, as well as Nvidia, at the end of the last quarter.
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252 sats \ 2 replies \ @freetx 10h
I generally think Burry is wrong. Not from a principled standpoint, he's right that we are in a massive "bubble". Rather, I think he doesn't understand the money printing is not going to stop and must accelerate.
Burry to me seems to argue "how a free-market should behave" instead of recognizing we are a completely controlled economy.
Even his famous "big short" was only true for a few years....the REIT bubble complete re-inflated.
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83 sats \ 0 replies \ @SimpleStacker 10h
Another key difference between this and the real estate bubble was that individual consumers, moms and pops, were leveraging to their eyeballs to buy houses during the real estate bubble. Not sure how much leverage is being used, especially by retail, to buy ai stocks
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9 sats \ 0 replies \ @ihatevake 7h
"The market can stay irrational longer than you can stay solvent."
-John Maynard Keynes
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36 sats \ 0 replies \ @OT 3h
I read a ZH piece about this yesterday.
https://www.zerohedge.com/markets/80-michael-burrys-13f-palantir-and-nvidia-puts
They point out a tweet that he did wrote in 2023 saying "SELL" and that the stock market is up >60% since.
Directionally correct, the trouble is timing.
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