When Michael Burry makes a move, Wall Street rarely shrugs it off. The investor who famously predicted the 2008 U.S. housing market collapse – later immortalized in The Big Short – has built a reputation for spotting opportunities long before the crowd catches on. So, when he starts buying a stock and doubles down on a broader investment theme, investors naturally start asking what he sees that everyone else might be missing.
That is exactly what’s happening now.