Michael Burry.
Image: Getty Images
"The Big Short" investor Michael Burry, who has expressed scepticism of the current AI boom, has launched a paid newsletter on Substack, with a focus on stocks, market and economic trends, days after shutting down his hedge fund.
Burry, who shot to fame for betting against the U.S. housing market ahead of the 2008 financial crisis, is widely watched for his comments on markets and the economy.
His bets have long been dissected by traders for clues on looming bubbles and signs of market froth.
"I am not retired," Burry wrote on Substack, adding that the blog titled Cassandra Unchained had his "full attention.
"The newsletter currently has more than 21,000 subscribers and costs $39 per month. He has hinted at a publication schedule of generally one or more pieces most weeks.
Burry's two posts on Substack so far are titled "Foundations: My 1999 (and part of 2000)" and "The Cardinal Sign of a Bubble: Supply-Side Gluttony", in which he discusses the AI bubble.
Earlier this month, Burry closed Scion Asset Management and returned capital to investors.
Burry did not immediately respond to a Reuters request for comment.
Burry said managing money professionally came with regulatory and compliance constraints that "effectively muzzled" his ability to communicate, leading to misunderstandings around his SEC filings that sparked market turmoil and heated debates he said he never intended.
Recently, Burry stepped up criticism of technology heavyweights, including Nvidia and Palantir Technologies, questioning the cloud infrastructure boom and accusing major providers of using aggressive accounting to inflate profits from their massive hardware investments.
Burry's short position against subprime mortgage securities during the housing market crash was chronicled in Michael Lewis's book "The Big Short" and its film adaptation.
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