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The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops (futurism.com)
submitted 10 months ago by to c/technology@lemmy.world
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[–] 37 points 10 months ago (10 children)

Burry also lost money since 2008 making shorts like Tesla. The Big Shart.

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  • [–] 22 points 10 months ago (6 children)

    Looks like very mixed returns. Which is what you'd expect from a strategy of betting on areas that are significantly overvalued.

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  • [–] 20 points 10 months ago (5 children)

    The market can remain irrational for longer than you can remain solvent

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  • [–] 6 points 10 months ago (2 children)

    See Bill Ackerman and Herbalife.

    Federal regulators should have shut that shit down ages ago, but the grifter party loves MLMs (look at how the DeVos family made their money…)

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  • [–] 2 points 10 months ago

    Oh god, I just saw another storefront in my local area that popped up. My coworker dragged me in there, and aside from the incredibly overpriced products, the countertops were loaded with pamphlets on doing the herbal life thing.

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