Saturday, Feb 04, 2023

'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 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.

Related Articles

Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead
EU found a way to use frozen Russian funds
First generation unopened iPhone set to fetch more than $50,000 at auction.
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
House Speaker Kevin McCarthy said he will block Reps. Adam Schiff and Eric Swalwell from serving on the House Intelligence Committee
Almost 30% of professionals say they've tried ChatGPT at work
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
What is ChatGPT?
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Tesla reported record profits and record revenues for 2022
Germany confirms it will provide Ukraine with Leopard 2 tanks
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Who’s Threatening Israeli Democracy?
Federal Reserve Probes Goldman’s Consumer Business
China's first population drop in six decades
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
Tesla slashes prices globally by as much as 20 percent
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
After Failing To Pay Office Rent, Twitter May Sell User Names
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
FIFA president questioned by prosecutors
Britain's Sunak breaks silence and admits using private healthcare
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
TikTok CEO Plans to Meet European Union Regulators
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Will Canada ever become a real democracy?
Hong Kong property brokerages slash payrolls in choppy market
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Coinbase to Pay $100 Million in Settlement With New York Regulator
FTX assets worth $3.5bn held by Bahamas securities regulator
A Republican congressman-elect is under investigation in New York after he admitted he lied about his education and work experience.
Brazilian football legend Pele, arguably the greatest player ever, has died at the age of 82.
Hong Kong to scrap almost all its Covid rules
EU calls screening of travellers from China unjustified
US imposes Covid testing for visitors from China
Ukraine President Volodymyr Zelenskyy Addresses Joint Session of Congress - FULL SPEECH
Where is Rishi? Chancellor Jeremy Hunt's excuses about the UK's economic challenges just don't make sense
Former FTX CEO Bankman-Fried finally arrested in Bahamas after U.S. files charges
Corruption works: House Financial Services Chair Waters doesn't plan to subpoena her donor, Sam Bankman-Fried, to testify at hearing on FTX collapse
Ronaldo's new contract...
Prince William's godmother resigns honorary royal role after exposing her/their racism
Tax fraud verdict again exposes illusion of Trump the master businessman
Tax fraud verdict again exposes illusion of Trump the master businessman.