Is Burry Right Again?

Or will he be the male Elaine Garzarelli that did predict 1987 Black Thursday but never again made a great call?

https://www.zerohedge.com/markets/big-short-michael-burry-li…
the famed investor has liquidated his entire portfolio which as of March 31, had a notional value of just over $200 million (including $35 million in AAPL put notional), and instead held on to just one stock: private jail operator GEO Group, which he had previously invested in but had dumped all of his holdings at the end of 2021 only to sport a modest $3.3 million, or 501K share position, as of June 30. More notably, and as shown in the chart below, this was the only security he held on to as of the end of Q2.

2 Likes

Past results do not predict future results? I mean what he is doing is brave. Very brave.

What percent of his portfolio is in GEO Group, and how much is in cash?

What percent of his portfolio is in GEO Group, and how much is in cash?
$3.3 million. The rest in cash.
https://www.sec.gov/Archives/edgar/data/1649339/000156761922…

It appears he is worried about Civil War II (not kidding), and the likelihood of stock market crash coupled with lots of people in prison.

If he is right I’m not sure that my retirement portfolio is going to be number one on my list of worries.

3 Likes

Right or wrong, GEO is up +5% today. Burry Bump? :smiley: