Just your typical internet guy with questionable humor

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Joined 2 years ago
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Cake day: June 22nd, 2023

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  • his fund, Scion Asset Management, bought $187.6 million in puts on Nvidia and $912 million in puts on Palantir (…) Palantir’s market cap is also up over 150 percent year-to-date. Its current valuation is upwards of 200 times its forward earnings, spreading fears that it may be grossly overvalued.

    He knows which one is more likely to get really fucked in this bubble and it’s not the shovel seller

    Burry similarly made a long-term $1 billion bet from 2005 onwards against the US mortgage market, anticipating its collapse.

    Can we assume his puts aren’t for 2026, but at least 2028 or later?

    As CNN points out, Burry’s track record isn’t perfect. For instance, he called in January 2023 to “sell” in a now infamous tweet

    Something something irrational solvent something

    Palantir CEO Alex Karp: “The two companies he’s shorting are the ones making all the money,”

    One of the companies is making all the money and it’s not Palantir.