Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

'Big Short' investor Michael Burry trumpets what Warren Buffett and Elon Musk have called him - and jokingly seeks another nickname from Jeff Bezos

'Big Short' investor Michael Burry trumpets what Warren Buffett and Elon Musk have called him - and jokingly seeks another nickname from Jeff Bezos

Michael Burry reflected on labels given to him by Warren Buffett and Elon Musk. "The Big Short" investor said he was proud to be called a "Cassandra" by Buffett. Burry jokingly tried to attract another nickname from Jeff Bezos by calling for a boycott of Amazon.
"The Big Short" investor Michael Burry highlighted the labels given to him by Warren Buffett and Elon Musk, and jokingly tried to goad Jeff Bezos into calling him something too, in a now-deleted tweet on Sunday.

"When I hear 'Cassandra,' I hear Buffett," Burry wrote, referring to the Trojan priestess from Greek mythology who was cursed by the gods to utter true prophecies, but never to be believed. The Scion Asset Management boss, who has taken down his Twitter account again, uses "Cassandra" as his display name on the social-media platform.

"When I hear 'Bastard,' I hear Crüe gang vocals," Burry continued, after Musk labeled him that in jest for shorting Tesla stock. "Now gotta find a way to bug Bezos. #BoycottAmazon."

Burry diagnosed and sounded the alarm on the mid-2000s housing bubble, but virtually nobody on Wall Street took him seriously. He highlighted the moment when Buffett called him a "Cassandra" in another, since-deleted tweet on Sunday.

"Sticks and stones may break my bones, but words...words...you wear those with a mighty pride," the Scion chief wrote, attaching a short YouTube clip of Buffett's testimony before the Financial Crisis Inquiry Commission in June 2010.

"The Cassandras were there, but who's going to listen to John Paulson in 2005 or 2006, or Michael Burry?" Buffett told the commission. He was explaining why so many Americans were caught off-guard by the collapse of the housing market.

"I don't know who, expect for John Paulson or Michael Burry, would have been running Moody's and coming up with different kinds of ratings," Buffett said in the same clip.

Burry is a longtime admirer of Buffett and closely studied him as a young man, but decided not to model himself on the Berkshire Hathaway CEO after realizing he could never be as popular. He also recognized that a key driver of Buffett's outsized success had been crafting his own investing style.

The Scion chief took aim at Tesla in the first half of 2021. Burry ridiculed the electric-vehicle company's stock price, wagered it would plummet, and accused Musk of selling stock to capitalize on his company's heady valuation and pay off personal debts, not to pay more taxes as he'd claimed.

The Tesla CEO responded by calling Burry a "broken clock," mocking the investor's penchant for repeatedly predicting market crashes.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
U.S. and Hungarian Officials Talk About Economic Collaboration and Sanctions Strategy
Technology Giants Activate Lobbying Campaigns Against Strict EU Regulations
Pope Francis Admitted to Hospital in Rome Amid Increasing Speculation on Succession
Zelensky Calls on World Leaders to Back Peace as Tensions Rise with Trump
UK Leader Keir Starmer Calls for US Security Guarantee in Ukraine Peace Deal
NATO Chief Urges Higher Defense Expenditure in Europe
The negotiation teams of Trump and Putin meet directly, establishing the groundwork for a significant advancement.
Rubio Touches Down in Riyadh Before Key U.S.-Russia Discussions
Students in Serbian universities Unite to Hold Coordinated Protests for Accountability.
US State Department Removes Taiwan Independence Statement from Website
Abolishing opposition won't protect Germany from Nazism—this is precisely what led Germany to become Nazi!
Transatlantic Gold Rush: Traders Shift Bullion in Response to Tariff Anxieties and Market Instability
Bill Ackman Backs Uber as the Company Shifts Towards Profitability
AI Titans Challenge Nvidia's Supremacy in Light of New Chip Innovations
US and Russian Officials to Meet in Saudi Arabia Over Ending Ukraine Conflict. Ukraine and European leaders – who profit from this war – excluded from the negotiations.
Macron Calls for Urgent Summit as Ukraine Conflict Business Model is Threatened
Trump’s Defense Secretary: Ukraine Won’t Join NATO or Regain Lost Territories
Zelensky Urges Europe to Bolster Its Military in Light of Uncertain US Backing
Chinese Zoo Confesses to Dyeing Donkeys to Look Like Zebras
Elon Musk is Sherlock Holmes - Movie Trailer Parody featuring Donald Trump's Detective
Trump's Greenland Suggestion Sparks Sovereignty Discussions Amid Historical Grievances
OpenAI Board Dismisses Elon Musk's Offer to Acquire the Company.
USAID Uncovered: American Taxpayer Funds Leveraged to Erode Democracy in Europe Until Trump Put a Stop to It.
JD Vance and Scholz Did Not Come Together at the Munich Security Conference.
EU Official Participates in Discussions in Washington Amid Trade Strains
Qatar Contemplates Reducing French Investments Due to PSG Chief Investigation
Germany's Green Agenda Encounters Ambiguity Before Elections
Trump Did Not Notify Germany's Scholz About His Ukraine Peace Proposal.
Munich Car Attack Escalates Migration Discourse Before German Elections
NATO Allies Split on Trump's Proposal for 5% Defense Spending Increase
European Parliament Advocates for Encrypted Messaging to Ensure Secure Communications
Trump's Defense Spending Goal Creates Division Among NATO Partners
French Prime Minister Bayrou Navigates a Challenging Path Amid Budget Preservation and Immigration Discourse
Steering Through the Updated Hierarchy at the European Commission
Parliamentarian Calls for Preservation of AI Liability Directive
Mark Rutte Calls on NATO Allies to Increase Defence Expenditures
Dresden Marks the 80th Anniversary of the World War II Bombing.
Global Community Pledges to Aid Syria's Political Transition
EU Allocates €200 Billion for AI Investments, Introduces €20 Billion Fund for Gigafactories
EU Recognizes Its Inability to Close the USAID Funding Shortfall Due to Stalled US Aid
Commission President von der Leyen Missing from Notre Dame Reopening Due to Last-Minute Cancellation
EU Officializes Disinformation Code for Online Platforms, Omitting X
EU Fails to Fully Implement Key Cybersecurity Directives
EU Under Fire for Simplification Discussions Regarding Corporate Sustainability Reporting
Shein Encountering Further Information Request from the EU During Ongoing Investigation
European Commission Initiates Investigation into Shein as It Aims at Chinese E-Commerce Regulations
German Officials Respond to U.S. Proposal for Peace Talks with Russia
Senate Approves Robert F. Kennedy Jr. as Secretary of Health and Human Services.
Trump and Putin Engage in Discussions on Ukraine Peace Negotiations Amid Worldwide Responses
Honda and Nissan End Merger Talks
×