Halls of Shrewd'm / US Policy
No. of Recommendations: 2
Liquidates Hedge Fund
https://www.zerohedge.com/markets/big-short-michae...We'll begin with the famous quote from economist John Maynard Keynes: "The market can stay irrational longer than you can stay solvent."
It's a reminder that even the smartest traders in the room, the ones who've built entire careers calling bubbles and shorting tops, can be steamrolled when markets detach from reality.
Scion Asset Management 13F revealed that roughly 80% of his put positions were concentrated in the high-flyers Palantir and Nvidia.
Burry sent a letter to investors late last month, noting: "With a heavy heart, I will liquidate the funds and return capital — but for a small audit/tax holdback — by year's end."
Almost admitting he is wrong: "My estimation of value in securities is not now, and has not been for some time, in sync with the markets."https://www.cnbc.com/2025/11/13/michael-burry-of-b...“Big Short” investor Michael Burry, known for his successful bets against the U.S. housing market in 2008, has deregistered his hedge fund, Scion Asset Management.
The Securities and Exchange Commission’s database showed Scion’s registration status as “terminated” as of November 10. Deregistering would imply the fund is not required to file reports with the regulator or any state.
Bets by Scion, which managed $155 million in assets as of March, have long been dissected for hints of looming bubbles and signs of market froth.
In a post on social media platform X on Wednesday, Burry said, “On to much better things Nov 25th.” Scion Asset Management did not immediately respond to a Reuters request for comment.
Burry has stepped up criticism of technology heavyweights, including Nvidia
and Palantir Technologies
, in recent weeks, questioning the cloud infrastructure boom and accusing major providers of using aggressive accounting to inflate profits from their massive hardware investments.
“Burry’s decision feels less like ‘calling it quits’ and more like stepping away from a game he believes is fundamentally rigged,” said Bruno Schneller, managing director at Erlen Capital Management.
Burry has argued that as companies such as Microsoft
, Alphabet
-owned Google, Oracle
and Meta
pour billions into Nvidia chips and servers, they are also quietly stretching out depreciation schedules to make earnings look smoother.
Between 2026 and 2028, those accounting choices could understate depreciation by about $176 billion, inflating reported profits across the sector, he estimated.
“Don’t count him out, just expect him to operate off the grid for a while. He may simply pivot to a family-office setup and run his own capital,” said Schneller.
No. of Recommendations: 2
He sounds much like Buffett in the late 60's (I think) when he closed his fund and returned money.
Index funds have many good points but the prices of many of the larger companies are extremely optimistic at best in part because of it.
No. of Recommendations: 2
If you watch the move, "The Big Short", Barry was a couple of years premature in his call. By the time he was proved right, he had alienated his client base.
At this point, it's basically a game of timing. While I haven't been shorting, I've been selling off shares for aa couple of months and expect the majority of US shares to be gone by mid January (Nvidia went a couple of days ago).
Wish y'all the best for the new year.
(Always wondered - is the plural of y'all y'alls?)
Jeff
No. of Recommendations: 2
(Always wondered - is the plural of y'all y'alls?)
"All y'all"? "y'all's" would be the singular, possessive?
Steve
No. of Recommendations: 0
Y'alls is grammatically incorrect.
No. of Recommendations: 2
"At this point, it's basically a game of timing. While I haven't been shorting, I've been selling off shares for aa couple of months and expect the majority of US shares to be gone by mid January (Nvidia went a couple of days ago)."
I stink at timing the market. So I'm keeping invested. I do expect a 50% decline in valuation. But when?
As long as I do not have to sell and can wait for a return to the former valuation I'm ok. Though that could take a year or two. And I purchased most of my holdings at lower valuations.
Having said the above; I haven't invested any more money into the market this year. Just building my cash stash. That appears to be what Warren Buffett is doing now.
No. of Recommendations: 0
I stink at timing the market. So I'm keeping invested. I do expect a 50% decline in valuation. But when?
At some point, the market no longer does smaller pullbacks.
I am not trying to time the market, believe it or not. If I were, I'd be on edge right now.
I do not know the percentage the market will fall. It will be major and longer-term than usual.
I am concerned with the opportunity on the other side of the coming mess.
There are going to be a lot of victims.
I think the recent spat on this board with you know who is about his coming victimhood. People think markets are talked down. Dumb but true.
No. of Recommendations: 5
No. of Recommendations: 0
All y'all
Love it because it's redundant
No. of Recommendations: 6
It isn't really redundant.
Y'all is a missing distinct 2nd personal plural that English lacks but other base languages in romance and germanic language families it descends from have. Like "ustedes" or "vosotros" in Spanish, or "sie" or "ihr" in German, depending on formality requirements based on who is being addressed. Or yinz for yinzers speaking Pittsburgh-ese.
It resolves the ambiguity in "you" reused of the singular and plural forms.
So "I need all y'all to understand this" is equivalent to "I need all of [group of people people being addressed] to understand this" as opposed to "I need some of y'all to understand this". The "all" in "y'all" a quantifier to "you", the first "all" in "all 'y'all" is a distinct quantifier to the group represented by "y'all".
The ungrammatical part is that it should be "all of y'all" but such is idiom.
No. of Recommendations: 1
The only time I ever heard "all of y'all" was when a group was being dressed down and the speaker wanted to make sure that no one would think that they were not included. It may have been "all y'all."
No. of Recommendations: 1
What can I tell ya?
Lol
No. of Recommendations: 0
(Always wondered - is the plural of y'all y'alls?)
I think it's "all y'all".
