Michael Burry rose to fame after his bet against mortgage bonds in the run-up to the 2008-09 global financial crisis was chronicled in the book he wrote, "The Big Short," as well as the movie of the same name.
So it is interesting to note that his Scion Asset Management dumped positions in Alphabet (GOOG) and Amazon.com (AMZN) during the first quarter, while buying shares of an ETF that invests in physical gold, according to a recent filing with the SEC. The ETF is the Sprott Physical Gold Trust (PHYS).
