Michael Burry, the investor famous for his success during the financial crisis, has revealed a new “Big Short” position. He has purchased put options on the S&P 500 and the NASDAQ, representing 2 million shares each. The notional value of these options is $1.5 billion, indicating a potential windfall if the market were to retest its lows from last year. Despite this new short position, Burry has also been buying undervalued stocks following his playbook. His concerns about the investment environment and the current market conditions may be driving his large hedge position.
More Stories
DELL on Business Building
Michael Dell shares insights into his early fascination with technology and entrepreneurship , sparked at the age of 16 when he took apart an IBM computer. Initially pursuing a premed path at the University of Texas, Dell’s growing success in his computer venture led him to pivot focus towards technology, resulting in rapid growth for Dell Computer […]
The Business of NCAA Football
“You Will Never Look at College Football the Same” Michael MacKelvie explores the distinctive nature of college football, emphasizing its rich traditions and community connections amid a commercial landscape that increasingly prioritizes financial gain over local rivalries and fan engagement. It contrasts the collegiate sport’s lack of parity with the NFL’s structured fairness, highlighting the deep emotional […]