:max_bytes(150000):strip_icc()/GettyImages-103877864-a6b2be491dac428b83dee70a15da30bd.jpg "What ‘Better Things’ Does Investor Michael Burry of ‘The Big Short’ Have Planned Next?")
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Key Takeaways
- Burry recently made headlines after making bearish option bets against high-profile stocks, and calling into question aspects of big hyperscalers’ businesses.
- This month, his firm—Scion Asset Management—appeared to have terminated its registration with the SEC.
One of the most-famous bearish investors of his time could be headed to “better things.”
Michael Burry—known for his bet against the U.S. housing market in the first decade of this millennium, but also for his portrayal by Christian Bale in the movie “The Big Short” and his branding on social media as “Cassandra,” a seer of legend who bears the curse of not being believed—looks to be changing things up.
Burry recently made headlines after logging bearish option bets against high-profile stocks, and calling into question aspects of big hyperscalers’ businesses. This week, according to his social-media account, government databases and news reports, his firm—Scion Asset Management—appeared to have terminated its registration with the SEC.
“On to much better things Nov. 25th,” he recently wrote on X.
Why This Matters to Investors
Michael Burry’s successful bearish bet and big-screen portrayal made him a symbolic figure, embodying high-conviction bets that go against the grain. That style of investing isn’t for everyone.
The precise state of affairs couldn’t be completely determined. Scion didn’t respond to Investopedia’s emailed request for comment. The authenticity of a letter, widely circulated on social media, purportedly from Scion to clients saying it would “liquidate the funds and return capital” by year’s end, could not be immediately confirmed. A portfolio manager at another firm named in that letter also didn’t respond to Investopedia’s inquiry.
Whatever the case, Burry’s name has returned to the news as investors’ concerns about tech valuations appear to have been revived ahead of Nvidia’s (NVDA) earnings next week and with traders appearing to be ‘selling the news’ of the government re-opening. (Read our full coverage of today’s trading here.)
Investors tend to see a number of things in Burry’s career. Some highlight the conviction needed to make bets against what appears to be the prevailing theme; others consider him a perma-bear figure who missed more than he hit. “I, for one, look forward to ‘squeezing’ Michael Burry,” Navellier & Associates Chairman Louis Navellier said earlier this month.
“Me then, me now,” Burry wrote on X yesterday, posting a photo of Bale as Burry staring upward from the floor. “It worked out. It will work out.”
