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Michael Burry's investment approach often sparks debate, and your observation highlights an interesting contradiction. Based on the most helpful WSO content, Burry has expressed concerns about ETFs, comparing them to pre-GFC CDOs, and has been bullish on undervalued opportunities, including smaller-cap ETFs, individual equities, and Korean companies. His activism with companies like GameStop (GME) and Tailored Brands, where he pushed for stock buybacks, aligns with his strategy of identifying overlooked value.
However, the confusion arises because while he warns about mispricing and risks in certain areas, he simultaneously pitches GME. This could be tied to his belief in activism and unlocking value in specific companies, as seen with his engagement in GME and other firms. It’s less about the broader market logic and more about his conviction in specific opportunities where he sees potential for value creation.
Sources: Michael Burry sounds warning bell on ETFs, the bird is freed | The Daily Peel | 10/31/22
GME is a spac at this point with plenty of retail backers who will drive the stock up on very little news. Not too illogical to jump on board given there could be a catalyst from a deal. But clearly the retail apes have moved in from GME to gold and silver and other meme stocks. GME is old school now.
Burry does some work, but he’s too focused on his substack and making noise. Treat him like any of the millions of opinions out there
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