The "Mother Of All Crashes" is almost here (Michael Burry's new prediction)
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Is this the end of America's economy? Well, Michael Burry has been saying that for a long while now, and his recent bets on the stock market seem to suggest he's putting his money where his mouth is, by moving heavily into real assets.
People who know Michael Burry know that he's controversial. He's always talking about doom and gloom, and he's often suggesting that the worst stuff is just around the corner. Some say he's wrong, but others say he's just always a little early in his predictions.
Right now, Burry's latest 13F filings suggest that he's preparing for the stock market to take an even bigger dive, as he seems to be moving more into real assets, and away from riskier tech stocks. But as always, he's just one man: we should take everything with a grain of salt.
Let me know your thoughts below.
0:00 - Michael Burry's new prediction
0:45 - A brief history of Burry
2:45 - Why Burry is buying up real assets
4:57 - Masterworks insert
6:04 - Where money moves during economic crisis
7:48 - Trends are better predictors than people
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Presented by Sorelle Amore.
Written by Leon Hill.
This video is sponsored by Masterworks.
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