Andrew Toth/FilmMagic; Jim Spellman/WireImage; Astrid Stawiarz/Getty Images; Rebecca Zisser BI
- Michael Burry just started a group chat open to all of his paid subscribers on Substack.
- The chat quickly filled with jokes, memes, videos, and questions for Burry.
- The investor of “The Big Short” fame has pivoted from running a hedge fund to writing online.
Michael Burry just invited all of his paid subscribers to a group chat, and it’s just as chaotic as you’d expect.
The investor of “The Big Short” fame pivoted this month from running a hedge fund to publishing a Substack named “Cassandra Unchained.” It has amassed more than 97,000 subscribers since it launched on Sunday.
“This is a conversation space exclusively for paid subscribers—kind of like a group chat or live hangout,” reads Burry’s introductory post. “I plan to post updates that come my way, and you can jump into the discussion.”
The first reply on the chat reads: “I think Dr. Burry just broke Substack.”
Another early response jokes about Burry’s disclosure this week that he owns bearish put options on Nvidia and Palantir stock: “I think Dr Burry is going to make more money from Substack than his NVDA and pltr puts 🤣”
A third poked fun at a potential spike in traffic to Substack. “Someone pray for substacks backend engineers.”
“It’s gonna be legendburry!!” one subscriber wrote, while another noted: “This chat is gonna be nuts.”
“Bro don’t allow anyone to start threads. This a spam fest,” one concerned poster added.
Michael Burry/Substack
Other subscribers rushed to post memes, videos, and even photos of Black Friday crowds. The questions to Burry ranged from who the next chair of the Federal Reserve might be, to how an 80-year-old should invest to prepare for a crash, to how the dollar stacks up against other currencies.
Burry resurfaced on X in late October after more than two years of silence, and has wasted no time issuing numerous warnings of an AI bubble and taking aim at key players such as Nvidia and Palantir.
The investor, who has 1.6 million X followers, is best known for predicting and profiting from the collapse of the US housing bubble that triggered a global financial crisis, and for issuing dire pronouncements of crashes and recessions.
He became famous in financial circles after his bet against the subprime mortgage market was featured in author Michael Lewis’ book “The Big Short,” and actor Christian Bale played him in the movie adaptation.