Michael Burry dissolved Scion hedge fund and is out.
He basically made a massive bet with his own money against AI, left instructions for his own trade, and walked away from managing money.
Burry filed his 50,000 put contracts. Then did something unprecedented: he deregistered his entire fund on November 10th, vanishing from regulatory oversight exactly like he did in 2008 when the pressure broke him.
I think this is his response to Alex Karp, Palantir’s CEO, Instead of arguing about the numbers, he just went silent. Leaving it as a prophecy.
Last time it took 18 months to be proven right and it nearly drove him insane. I don't think he can deal with that kind of pressure anymore, so he’s not waiting around to watch.????????????????
Time will tell if he is right.
But I don't think it will play out the same way.
I think, and I have no evidence for this, but it's the only explanation that makes sense to me, that when OpenAI CFO asked for government to backstop AI she was not asking for money. She was asking for government to guarantee the AI investments and loans to proactively prevent a financial collapse due to AI bond defaults.
Anyways, here's Burry.
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