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.

  • @IllogicalbitEnglish
    8•1 year ago

    From https://m.investing.com/analysis/is-michael-burry-right-about-the-us-stock-market-again-200641084

    Here’s the list:

    • In December 2015, he predicted a stock market crash in the following months, but the S&P 500 saw an 11% gain in the subsequent 12 months.
    • In May 2017, he predicted a new financial collapse, yet the S&P 500 recorded a 19% increase in the following 12 months.
    • In September 2019, he forecasted a stock market crash due to an “indexed ETF bubble,” but the S&P 500 gained 15% in the next 12 months.
    • In March 2020, he perpetually held a bearish view, but the S&P 500 surged by 72%.
    • In February 2021, he predicted significant stock market declines due to a speculative bubble, yet the S&P 500 increased by 16% in the subsequent months.
    • In September 2022, he forecasted further failures and that the lows hadn’t been touched, but the S&P 500 performed positively with a 21% gain.
    • In January of this year, he foresaw a recession and a new cycle of inflation, yet the S&P 500 achieved remarkable positive performance.

    Not saying he’s wrong, just was curious on his track record.