this post was submitted on 18 Aug 2023
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Michael Burry, who founded Scion Asset Management, appears to have placed a large proportion of the fund's assets at risk.

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[–] Stupidmanager@lemmy.world 3 points 1 year ago (1 children)

its clearly stated in the article. PUTS against the QQQ and S&P funds. anyone with an account and money can get in on this action.

PS. i think he’s 12 weeks early for the best deals. I’ll wait for the followers to panic sell and buy up those same funds for far less. 2024 is going to suck for the whole planet.

[–] chiisana@lemmy.chiisana.net 1 points 1 year ago (1 children)

“Options trading involves risk. Return of investment not guaranteed. Please consult with a certified financial advisor before investing. “ etc etc is probably a worthwhile warning for anyone who doesn’t know how to get into this trade…

[–] Stupidmanager@lemmy.world 1 points 1 year ago (1 children)

I am a random stranger on the internet. if you invest on my recommendations then you’re a moron and deserve to lose money.

[–] Waraugh@lemmy.dbzer0.com 1 points 1 year ago

I did just read that people apparently spent tons of money on digital monkey pictures…, and are even trying to sue someone because they did. Crazy world we live in