Michael Burry bought First Republic stock before it went under
This dumb MAGA mofo bought a bunch of bank stock last qtr before they went under 😂
That dumb MAGA has at least 100X NW than you.
Wake me up when having money implies value, intelligence, etc.
wake up
Bro when you short a stock you have to buy the stock to later sell it. This is probably Burry shorting these stocks….
he is contrarian. so that’s not a surprise spare the bankrun, bank would still be alive. but clearly, he spread it across regional banks. even if couple of them survive he will beat all losses and have multi baggers
Yea looking at his latest holdings, this seems to have been his strategy. Buy a bunch of regional banks, but one of them backfired and it went to zero 😂 https://whalewisdom.com/filer/scion-asset-management-llc
yes. frc turned out surprise given 70b were infused/committed. i made some on frc with intial bounce back. so luckily got . looking at individual bank’s risks, now spreading it with DPST etf. better for individual investors like me with limited risk potential. it’s leveraged so risk is still there. but the other side is huge gain potential with a spread out risk. of course, not advice. just what i am doing 🙂
All good traders have losses. Only dumb retail traders are about being right.
Gurgavin
He the boss
He’s MAGA?
He can be wrong on one or two and still 10x when banks stabilize
Maga is smarter than libs always. Cope and Seeth
First of all, he's not dumb. Second of all, he can't predict the future. He'd also tried to short TSLA a couple quarters ago and gave up. TLDR, he's a smart guy that cashed out big in 2008 but he ain't god.
Broken clock?
He is smart enough to correctly predict the 12 out of 1 crash in the history.