Last week, Burry abruptly issued a letter to his investors telling them that he was closing his fund.
Today he posted the following letter from earlier in Warren Buffet's career:
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Last week, Burry abruptly issued a letter to his investors telling them that he was closing his fund.
Today he posted the following letter from earlier in Warren Buffet's career:
He's always doing that though, his nym is literally Cassandra
What's the thing about a stopped clock?
Such is the life of those of us who are expecting the clown show to end in disaster.
It think that it causes you to miss work and end up in the gutter
It's sort of like the Bitcoin volatility argument, disaster is in the eye of beholder. The event he made his name on, was to indexes, a 50-60% peak-to-trough draw-dawn. How much of the 1000% upside have Cassandra's missed since? What's the bigger disaster for a fundie?
The main street got the shit end of the stick after that obviously, but that's just business as usual for systemic corporatism.
He's obviously aware that we're always just one bond auction away from poverty, but discounts that we're also always just one fed whisper away from Valhalla, and that both of those things could come literally on the same day before anyone can reload ðŸ˜
That said, I agree for the moment in thinking poverty is nigh, but it will also be completely orchestrated to give Bessent the tools to make radical changes and fire up the money cannon in 26. #1286338
Cryptic