“The Big Short” investor sells almost all shares

In the second quarter of this year, Michael Burry’s firm, Scion Capital Management, sold nearly its entire stock portfolio, totaling $165 million. That’s going out public records the financial regulator SEC.

The portfolio therefore only remains in companies that manage private prisons in the USA. As recently as Friday, the prominent investor, who gained fame through the Hollywood film “The Big Short”, among other things, had one on Twitter graphic which showed US household consumer debt hitting new record highs. Burry also warned, in reference to the popular TV series Game of Thrones: “Winter is coming”.

Recently, cryptocurrencies have also been plagued by rising inflation and fears of recession and have been strongly correlated with the stock markets. Burry has also prophesied in the past that the “mother of all crashes” was imminent for the sector.

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