Popular American investor and 'Big Short' fame Michael Burry is sounding the alarm over global stock markets getting close to a massive crash as the AI bubble burst draws closer, but investors often remember why legendary investor Peter Lynch ignored such warnings.
Michael Burry, popular for correctly predicting the 2008 housing crisis, has been ramping up his warnings over the excessive optimism about AI. Recently, he said that the market is currently in a 'denial' mood, a phase that could last six to nine months, as seen during the previous 2000 and 2008 crises.
