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Michael Burry of ‘Big Short’ Fame Says ‘Silliness’ in Markets Is Back

The investor who bet against the housing market ahead of the financial crisis has been predicting another crash for months.

Michael Burry — Michael Burry
Photographer: Astrid Stawiarz/Getty Images

By

Claire Ballentine

August 4, 2022, 6:03 PM UTCUpdated onAugust 5, 2022, 1:44 PM UTC

The man who predicted the financial crisis is warning about “silliness” in markets.

Michael Burry, the founder of Scion Asset Management who’s best known for betting against the housing market ahead of the 2008 crash, said Thursday that the “familiar Covid-era silliness is not dead yet.”