this post was submitted on 18 Aug 2023
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Michael Burry, who founded Scion Asset Management, appears to have placed a large proportion of the fund's assets at risk.

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[–] kitonthenet@kbin.social -3 points 1 year ago (1 children)

Think he should probably be arrested instead

[–] andrewta@lemmy.world 4 points 1 year ago (1 children)
[–] kitonthenet@kbin.social 2 points 1 year ago (1 children)

Don't think rich people should be able to bet against the economy

[–] jonne@infosec.pub 3 points 1 year ago

It's not like his investment is going to cause the crash. And there is a small issue with his plan, which is that the US government is happy to just turn on the money cannon to prop up stock prices instead of letting it correct itself.