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International Business Times UK

Niloy Chakrabarti

The Big Short's Michael Burry Splurges $42M in 5 New Stocks in Q2, Leading With Apparel and Pharma

Michael Burry Scion Asset Management Estée Lauder Companies GameStop MercadoLibre

Michael Burry bought GameStop shares before it was a meme stock. (Credit: Facebook.com)

Scion Asset Management founder and legendary investor Michael Burry is known for betting against the US housing market during the 2008 financial crisis, which netted him $700 million (£518 million) in profits. His contrarian trading approach was chronicled in the award-winning film The Big Short.

Since the global financial crisis, the metalhead's notable investment decisions have also showcased strategic foresight. He invested in water assets, predicting future scarcity, and GameStop (NYSE: GME) before it became a meme stock. He has also wagered against Elon Musk's Tesla, Cathie Wood's Ark Innovation ETF, and BlackRock's iShares Semiconductor ETF, which has Nvidia as one of its top holdings.

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Mike Ditka cause of death: Hall of Fame Bears legend was days away from 87th birthday as health struggles resurface. Full statement of family revealed

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A woman allegedly posed as a substitute teacher in her old high school before telling the polices she ‘hates kids’

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'Hail Satan' Erupts at Iowa City Council Meeting as Pastor Demands 'Curse' Be Reversed

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Trump establishes committee to investigate Fed governor Lisa Cook

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Mike Ditka cause of death: Hall of Fame Bears legend was days away from 87th birthday as health struggles resurface. Full statement of family revealed

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A woman allegedly posed as a substitute teacher in her old high school before telling the polices she ‘hates kids’

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A fake substitute teacher said she 'hates kids.'

We Got This Covered

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

'Hail Satan' Erupts at Iowa City Council Meeting as Pastor Demands 'Curse' Be Reversed

'Hail Satan' Erupts at Iowa City Council Meeting as Pastor Demands 'Curse' Be Reversed

Ottumwa erupts in controversy after a city council invocation ends with 'Hail Satan', prompting a pastor to demand a curse reversal as officials review the policy.

International Business Times UK

Trump establishes committee to investigate Fed governor Lisa Cook

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