| | | By the way he (DFV) cites Burry as original reason for his interest. Very likely Michael Burry is the first spark that set of this wildfire –– seems like most everyone got the idea from him. Interesting how in 2003 or whenever he was among the first to see a bubble, and his interest in CDS's sparked the guys who went short after him; in the end, of course, people came running to buy his catastrophe insurance and that of the other guys who were short. Now it's quite the opposite, but similar pattern. Books will eventually be written about this event too, likely featuring him in a similar role as last time.
He always seems to be an early one. Of course, he started calling the bubble that would eventually become the dot.com around the time of inception for this site too. (I think '97, right?) Cashed out "too early" both times too (though first time involuntarily, this time b/c well, obvs).
What impresses me about DFV (AKA Keith Gill AKA Roaring Kitty) is that not only did he call GME's undervaluation, but he saw the short squeeze coming. Not even Burry did that. He even did the comparison I just did above before hand, calling it "The big short squeeze". |
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