Michael Burry is one of the most successful and eccentric investors of our time. Of course, he first came to the public's awareness through Michael Lewis' "The Big Short" which showed him and other renegade traders turning millions of dollars into billions as they bet on a crash in the housing market by betting against mortgage-backed securities. While, it looks inevitable in hindsight, at the time, it was considered inconceivable.
Later, he became even more famous (or infamous) through the movie which was released in 2013, where he was played by American actor Christian Bale. In the book, Burry spoke about his mild autism, a non-functioning eye, swimmers' background, and medical training as essential to his contrarianism and giving him the fuel and conviction to fight against the prevailing trend.
Michael Burry is once again, attracting attention in the financial sphere, as he has been pretty outspoken about his bearishness. This stance was prescient for most of 2022 but has looked less wise given the recent rally.
Still, Burry seems steadfast as he is anticipating more pain to come. And, he's putting his money where his mouth (or Twitter
On Twitter, he has shared statistics that compare the current bear market rally to previous ones. He has also shared videos referencing that this is the 'calm before the storm'. On the inflation front, he has also shared tweets and research making the argument that inflation is not going to quickly roll over and that it's going to remain a challenge over the next decade.
In Burry's latest 13D filing which shows the positions of prominent fund managers, we learned that he has gotten even more bearish as he sold out of all of his positions except for one - Geo Group
GEO is more of a deep-value play, and it's pretty disconnected from the market cycle or monetary policy. Instead, the stock would likely shoot up if private prison use increases with the odds of this higher under a Republican administration.
