Michael Burry’s investors hated him from 2005 through 2008 as his big short bet kept losing money. Someone with less courage of conviction would have folded and taken his losses. But he knew he was right. Everyone else was wrong. It was a bubble and it did burst. Excessive debt always causes the bubbles to pop. This time will be no different. You’ve been warned.
Speculative stock #bubbles ultimately see the gamblers take on too much debt. #MarginDebt popularity accelerates at peaks. At this point the market is dancing on a knife’s edge. Passive investing’s IQ drain, and #stonksgoup hype, add to the danger. pic.twitter.com/VLHrzdNumB
— Cassandra (@michaeljburry) February 21, 2021
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