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「The Big Short」 Michael Burry: Market May Be in a Bubble, Sitting Out Is the Winning Move
BlockBeats News, October 31st, Michael Burry, the real-life inspiration behind the protagonist of the movie "The Big Short," seemed to issue a cryptic warning to retail investors about market exuberance. He posted on social media saying, "At times, we will see a bubble, at times we can 'ride the wave,' at times going against the grain is the only way to win." At the time of his post, more and more people are questioning the financial stability of the AI craze.
For example, this week, NVIDIA became the first company to surpass a market value of $5 trillion. Its market cap currently accounts for nearly one-tenth of the total market cap of the S&P 500, surpassing the GDP of India, Japan, and Germany. Michael Burry is known for his cautionary statements about the market and the economy, but this time his post did not explicitly point to any specific bubble.
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