MICHAEL BURRY BET $1.6BILLION ON A STOCK MARKETCRASH. WHAT DOES THIS MEAN?
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iHeartPodcasts
4.9 • 7.9K Ratings
🗓️ 28 August 2023
⏱️ 8 minutes
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Summary
Michael Burry has placed a whopping $1.6 billion bet on a stock market crash. Dive deep with us as we unpack the implications of this massive move and what it could signify for investors worldwide. Don't forget to like, share, and subscribe for more financial insights! #MichaelBurry #StockMarket #InvestmentTrends
Link for full episode: https://youtu.
be/amwzO71jZwo (https://youtu.be/amwzO71jZwo)
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Transcript
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| 0:00.0 | Michael Burry who actually referenced him last episode |
| 0:04.5 | Doctor Michael Burry who uh |
| 0:07.9 | You got a pretty famous after the big short situation in my if that movie he was one of the ones that actually |
| 0:14.6 | Bet on the collapse of the economy in 2008 and made billions of dollars off of that so |
| 0:20.8 | He's back |
| 0:22.0 | Um, and he's back on |
| 0:24.5 | On it. He's back on his both |
| 0:26.7 | uh |
| 0:28.8 | and the whole |
| 0:30.0 | world is um |
| 0:31.9 | scared so i'm gonna actually just read what happened so |
| 0:36.3 | Doctor Michael Burry renowned for forecasting in 2008 housing crisis collapse as a picket in |
| 0:42.7 | The big short has |
| 0:44.7 | Stalked over 1.6 billion in potential wall street downturn recent SEC fileings reveal Burry's fun |
| 0:52.8 | Sion asset management |
| 0:55.8 | Has invested in put options against both the smp 500 |
| 1:00.5 | 866 million and nasdaq |
| 1:03.4 | 139 |
| 1:04.4 | 739 million |
| 1:06.6 | These moves represent over 90% of his portfolio Sydney signaling a significant bearish stance. However |
| 1:14.3 | Burry's position |
| 1:16.4 | Has appeared inconsistent earlier this year. He amp you |
... |
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