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Michael Burry became famous for doing what few investors had the stomach to do: looking where everyone else was looking away from. The investor behind Scion Asset Management famously bet against the housing market before the 2008 financial crisis, a trade immortalized in “The Big Short.” So, when Burry makes a move, investors tend to pay attention, even when that move is less about making a big directional bet and more about playing the tax calendar.
In his Oct. 5 Substack post, Burry outlined how he is positioning his portfolio ahead of the fourth-quarter tax-loss harvesting season, saying he tries to “beat the rush” before selling pressure peaks between late October and early December. Among six stocks he identified as likely tax-loss sale candidates was Lululemon Athletica (LULU).
