Michael Burry: The Big Short Investor Still Betting Against AI
Burry called the 2008 housing crash, closed his hedge fund in late 2025, and kept betting against the AI trade anyway - this time from a newsletter.

Key Takeaways
- Burry's Scion Capital returned roughly 489% between late 2000 and mid-2008, largely on his subprime mortgage short
- He shut down Scion Asset Management in November 2025 and now writes a Substack newsletter called Cassandra Unchained instead
- His most recent disclosed positions included large put option bets against Nvidia (NVDA) and Palantir (PLTR)
- He's also been a long-time bull on Chinese tech, building positions in Alibaba, JD.com, and Baidu
- His post-2008 track has been mixed: several bearish index bets in the years since have been early or simply wrong
- Do the primary research yourself. Burry has said he doesn't believe anything unless he understands it "inside out" — for the subprime trade, that meant reading individual mortgage bond prospectuses most investors never opened.


