Big Short investor Michael Burry shutters hedge fund
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Investor Michael Burry sought to clarify certain misconceptions about his latest options bet against Palantir Technologies Inc. (NASDAQ: PLTR), after details of the position were widely misinterpreted in media reports.
Michael Burry's short of the U.S housing market is depicted in the 2015 film, The Big Short, along with the 2010 novel written by Michael Lewis, The Big Short: Inside the Doomsday Machine. This is how Burry came to be known as Wall Street's "Big Short" investor.
Retail investors have typically hated short-sellers. Michael Burry's bets against Palantir and Nvidia have seemingly never made him more popular.
Extraordinarily dedicated FT Alphaville fans will recognise Phil Clifton (who Burry calls “a tremendous young talent in the field of investment — and the most prodigious thinker I have ever encountered”) as…
Burry was one of the investors who correctly predicted -- and profited enormously from -- the bursting of the housing market bubble.