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Michael Burry ought not to need an introduction, but for some reason, whenever I choose not to preface his views with his accomplishments, I find my comment section littered with children calling him a one hit wonder. So let me make this very clear, he is not a one hit wonder. Michael Burry started investing during the dot com boom, which quickly became the dot com bubble. Now it would have been very easy for him to buy into Pets.com or whichever other over-hyped garbage internet company was popular at the time, and Burry likely would’ve looked like a genius, just like how NFT investors think they look today. But the good times always end, and they tend to end with a bang. The dot com bubble popped, and the markets crashed. After Burry’s first year of trading, he had returned 55% after fees to his investors, while the SPY was down 12%. He then went on to continue to continue to beat the markets over the 2000s, beating the S&P 500 every year, until the next crash came. This time it was the big one, the housing market crash and the Great Recession, and we all know how this story ends. Burry bet big on the housing bubble, and did so in pretty spectacular fashion. He tripled his money in the same year that everyone else found themself bankrupt. Over the roughly 8 years that Burry’s fund was active, the S&P 500 returned a measly 3%, but Scion Capital, returned 489%. Nowadays though, he’s infamous for his twitter account, which you will find is frequently deleted and recreated every couple of months, as Burry chooses to bless us with some content. November was no different, as Burry let loose his opinions on inflation and interest rates, asset prices, Tesla and Rivian, and his view that we are in the largest bubble of all time.

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