By Yun Li
Publication Date: 2025-11-24 15:04:00
Michael Burry attends the New York premiere of “The Big Short” at the Ziegfeld Theater on November 23, 2015 in New York City.
Jim Spellman | WireImage | Getty Images
Michael Burry, the investor who became famous for calling out the real estate crash before 2008, has released a Substack newsletter after deregistering his hedge fund, detailing his increasingly pessimistic thesis on artificial intelligence.
“The Big Short” investor benefits from the massive audience he has built on X, where 1.6 million followers have long analyzed his cryptic posts. His new release, titled Cassandra Unchained and carrying an annual subscription fee of $379, comes with a familiar warning: He believes markets are once again deep in bubble territory.
In announcing the launch, Burry noted the parallels between the tech craze of the late 1990s and today’s rush into AI, and how he believes the bubbles have been ignored by policymakers.
“February 21, 2000: SF Chronicle says I miss Amazon. Greenspan 2005: “Bubble in…”