By Erica Kollmann
Publication Date: 2025-11-24 17:05:00
Michael Burry, the investor immortalized in “The Big Short for predicting the 2008 housing crisis, has executed his most significant operational shift in years: he has officially shuttered his hedge fund, Scion Asset Management, to dedicate his full attention to a paid Substack newsletter, “Cassandra Unchained.”
For years, Burry’s market pronouncements were limited to cryptic and quickly-deleted social media posts, often leaving investors to frantically decode his warnings.
The move to a subscription-based, long-form platform is a decisive departure, formalizing his role as a public-facing market contrarian.
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In the blog’s About section, Burry says it will focus on “stocks, market and economic trends, special situations, and investment manias — with the true stories, hard lessons, and empiric mental models from 25 years of professional portfolio management woven throughout.
Burry has already targeted the core of the current market rally: the artificial intelligence (AI) boom. In a piece titled, “The Cardinal Sign of a Bubble: Supply-Side Gluttony,” he dismissed the idea that “this time is different,” comparing the current frenzy to the dot-com bubble of the early 2000s, according to Financial Express.
He specifically called out NVIDIA Corp. (NASDAQ:NVDA), the dominant supplier of AI chips, as the modern-day Cisco, which built the internet’s infrastructure before seeing its valuation crater.
Burry argued…
