Hey this is tom, and i want to congratulate michael berry today, i'm actually not a hater, so michael berry, congratulations! If you're watching this um yeah, you predicted successfully six out of the last zero market crashes. Well done now! On a serious note, i suggest you all go and take a look at the 13f for scion asset management, which is a michael, berry's, firm and or rather fund, and we actually know now that michael ditched some of his most famous shorts lately, he ditched the tesla Bailed on that, he ditched the tesla, but he also ditched the ark short bail on that as well, and he also ditched the short on the 20-year bond. So i'm guessing inflation ain't coming anymore. Is it not predicting a market crash, although i do agree with him that inflation is coming, but i mean he completely abandoned his most.
I guess well-known short positions by bailing on the the tesla short and the arc invest, sort now um here's the thing um. He has a good fund, i'm not saying that he's a bomb or a complete clueless person, i mean he's been doing pretty well, but he had once you know, strike of genius and his entire. You know. Involvement with gme is obviously something to be credited, but i mean the dude hit it once out of the park.
Nothing really beyond that. I mean to be honest, though his tesla debacle actually overshadows that whole market crash prediction that he had back in the day, probably 10x, because of how he double down on that. He essentially gordon johnson himself into this position where he had no choice, but now looking at the 13 f's, we know that he speaks on twitter but in reality he just liquidated the tesla short. So we know that action speaks louder than words, so he can go to these aspiring matches on twitter against elon, saying all kinds of nonsense, but his 13th proves he knows he lost so congrats.
By Stock Chat
where the coffee is hot and so is the chat
The problem with Michael Burry short prediction and about market crash prediction, if you say it going to rain every day for one year I Guarantee you one day it will rain, that doesn’t mean you’re good at predicting rain😂😂😂
I am happy to hear another bear Mr. Lost some money in shorting Tesla. This is cool
If someone thinks this market its a natural healthy market. And that this last years growth are normal; Its utterly delusional. Its Tullips 2.0 all over again. Remember this post.
Any other channels like tom. Fair and honest. Need more content. 86d any joke mentioning shibu
Throw suggestions
Actually that 1 thing that Burry did was pretty epic. I mean they made a movie about it and it’s studied in University’s all over the world. It’s a pretty hard thing to top. Yes it’s 1 thing but it’s big a$$ 1.
Burry was saying the same crap Gordon Johnson was spouting
I dont know why you hate so much on the guy. He has a reasonable view on the market. I dont share all of his views – especially not his Tesla views – but I understand his reasoning. His fund averaged well above 20% over the last 10 years
Dammmmmn TN. Reporting 24 7. Thank you for all you do
Tom…… inflation isn't coming ….. inflation is here .
he admitted jack! dude you think your better than burry! he has been right more than you have and has a better track record!
Burry got all the free media coverage these years! Dude is a genious 🙂
Admitting when you are wrong is the hardest thing to do. Atleast he admitted it
I guess Elon Musk is a Moby Dick moment for a lot of people. The problem is they just cannot understand the order of magnitude of the opponent. What kind of challenge this guy is solving. Entire 220 million population was broke suffering without a toilet paper just to send human to the space. And somehow this guy managing to do it 10 times cheaper using fn reusable rockets. Also trying to solve another millennium prize issue FSD. Also trying to create neuralink, etc… For regular person this doesn’t sound impressive at all you have to be an expert to understand the scope and the magnitude.
Every professional trader is just fancier versions of roulette gambler.
You act like Elon is such a nice guy. He got almost $5 billion in government subsidies my tax money paid for. Where’s my cut Elon?
Wow, must have watched your earlier video when you called him out.
Tom – it’s hard to tell. Maybe he re-entered the short position when Tesla got to $1.2T, we’ll find out on the next filing. Who knows (also who cares).
Anyone who jumps out of Tesla stock because of fear of a crash or listening to the idiot news media will regret their decision. Burry has been wrong over the last few years far more than he was right.
Don’t bet against Elon! I bought and held long and just bought 100 more shares at 1001 stock price! This bargain basement stock price is too good to be true! Thank you Lord Edge and Tesla employees! You rock!💎🙌🇨🇦😎Tesla
Man, what warm weather are you in?!? lol freezing my yonkers off.
Shorting Tesla was a disaster just like the Hindenburg crash.
Tom didn’t he also hit it out of the park with GameStop? The guy sees things but obviously didn’t see the overall picture of Tesla.
It is now officially a verb. "Hey check out that idiot, he just Gordon Johnsoned himself."
At least Burry hit once and he hit hard.. 💵 💵 💵 .. Not like us chasing PLTR 😂
Tom, what you mean he hit it once? I'm pretty sure Burry crushed it for 9 years before the "big short" thing, and has been crushing it every year afterwards up to today. 😳
I thumb up Tom Nash videos before I even start watching. Love this mans content. Keep speaking your mind and telling your truths. 👍👍
To predict on how to short something is really hard. Even when it's plain to see (like TSLA a week ago) that it will go down (it went up to quickly), you never know when will it start to fall or how far low it will go. It is always a gamble. At least in the bull market… I've never experienced the bear market (only correction in March 2020).
Honestly, Burry isn't completely wrong here. I know a lot of longs who have gotten out of their positions now because of how irrational the market has been lately
this is kind of petty and bitter. also i just closed my tesla short for a 20% profit lol.
Of course there will be a crash. The question is in one year, five years, or ten. Forever is a long time…
He still thinks his valuation of Tesla is still correct, he still thinks everything he has said is going to happen and he's still a lot richer than you? The lesson you need to take from Michael Burry is when he's certain he ends up very right and he wins extremely big. He did not get 'lucky'. The problem for many of the youngsters is that 2008 was just such a long time ago………. There's far too many people who are emotionally invested in Tesla, and it shows.
Tom, he said on twitter his entire put position on tesla was worth only a few 100k. The value shown on the filings is that of the underlying shares and not the premium paid. He knew going in it would most likely expire worthless.
Wait so let me get this straight Tom, so u do believe there will be a big crash in the market again just like we had in the beginning of COVID. Correct?