The Big Short investor Michael Burry bets $1.6bn on stock market crash
The Big Short investor Michael Burry bets $1.6bn on stock market crash
news.sky.com The Big Short investor Michael Burry bets $1.6bn on stock market crash
Michael Burry, who founded Scion Asset Management, appears to have placed a large proportion of the fund's assets at risk.
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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Think he should probably be arrested instead
Why?
Don't think rich people should be able to bet against the economy
It's not like his investment is going to cause the crash. And there is a small issue with his plan, which is that the US government is happy to just turn on the money cannon to prop up stock prices instead of letting it correct itself.
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