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/biz/ - Business & Finance

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File: 478 KB, 3000x1941, michael burry.jpg [View same] [iqdb] [saucenao] [google]
55903804 No.55903804 [Reply] [Original]

This guy who calls himself Cassandra is betting $1.6 billion that it's all going down to crash down to hell. Thoughts?

>> No.55903812

>>55903804
Burry is based and he's right

>> No.55903834

>>55903804
If only we listened to him several months ago when he tweeted "sell". Imagine how much our shorts would be up.

Oh.

>> No.55903841

Buy the dip ?
What is going to crash and for how long ?
V recovery ?
Is it possible that he just got lucky with that
one call and he's off on this call ?

>> No.55903850

>>55903804
He's betting $50 million leveraged up to $1.6 billion, but I wouldn't expect anyone on /biz/ to understand the most rudimentary parts of trading.

>> No.55903859

>>55903850
Has he also made longs or only shorts?

>> No.55903867

>>55903804
cassandra was cursed that she could only tell the truth but no one would ever believe her

>> No.55903870

He has 1.2 billion net worth

He put in 50 million and leveraged it to 1.6 billion

This play is what? 5% of his net worth?

>> No.55903878
File: 105 KB, 750x915, EE99D460-9129-4BCD-ACF5-66410264DA42.png [View same] [iqdb] [saucenao] [google]
55903878

>>55903859
two shorts

>> No.55903886

>>55903878
btw they keep saying X % of his portfolio

Its just that he has most of his shit in cash, so the only position he has right now in the market is those 2 shorts

>> No.55903914

>>55903804
You know how the jeet devs scamwick you out of your altcoin positions?
Now imagine your a jew fiatdev looking to scamwick Burry out of his $1.6 Billion short position. That's what's happening right now.

>> No.55903948
File: 21 KB, 624x278, 20221118-article1-2.jpg [View same] [iqdb] [saucenao] [google]
55903948

>>55903834
You have no idea how short he is. He's like 5'2.

>> No.55903956

>>55903804
1.6bn/100

>> No.55903988

>>55903804
I also have a billion dollar bet on the next Powerball, my actual capital invested is 5 bucks.

>> No.55904113

>>55903804
Doesn’t have credibility anymore since he is now a subversive agent of the whales used to trick retail into being bearish and missing out in great buying opportunities.

Remember last time this retard was bearish during 2021 when Btc was 30k and then it went to 69k. Don’t fall for their tricks

>> No.55904137

>>55903850
That is 32x leverage so a 3% movement in wrong direction would liquidate him

>> No.55904154
File: 508 KB, 1707x1280, 375596B9-7673-4F78-A052-AC05DEB2259D.jpg [View same] [iqdb] [saucenao] [google]
55904154

>>55904137
teach biz something
how do you calculate this

>> No.55904171

>>55903804
He literally makes this bet all the time his skillset is playing and trading tops
Sometimes he's right sometimes hes wrong

>> No.55904183

>>55903804
His retarded, there be no crash especially in an age with AI bots who can detect any sort of problem. If crash happen it'll be a forced one just like all the other crashes in the last 150 years in the US. So really his just guessing.

>> No.55904319

>>55904154
it's not hard

50m is the capital he put on this

50*32= 1.6b

3% of 1.6b equals 48 mi

so if the price goes up 3% he would end up with nothing on this operation. the debt would be equal to the total margin account

>> No.55904330

>>55903804
we didn't listen

>> No.55904846

>>55904319

thats not how it works, idiot. All we know is that he spent 50m or something on put options. The filing lists the options value as the notional. It's not the premium he paid.

If you bought 1000 350 SPY put contracts at 5 cents a piece the premium paid would be 5000

The notional value of the above purchase is 1000 x 350. 350k would be listed on the filing. In reality it's 5k. He didn't spent 93% of his portolio on fucking put options.

>> No.55904976

>>55903804
He…he like Cassandra ain’t he? He see the future, but no one listen.

>> No.55905010

>>55903804
>$1.6 billion
Wrong.

>> No.55905025

>>55903804
He's been wrong 6/7 of the last calls he made. Each time calling a crash. His claim to fame is the big short. After that his track record kind of sucks.

>> No.55905069

>>55903812
he's a perma bear who has lost a fortune this past 10 years like every other doomer.
number go up and it's not some mystical paranormal force that does it, that natural law has to eventually correct, it's because litterally everything is priced against a currency that has an unlimited supply and never stops being printed.

>> No.55905092
File: 203 KB, 1200x879, World_population_growth,_1700-2100,_2022_revision.png [View same] [iqdb] [saucenao] [google]
55905092

>>55905069
There's literally 1 billion people more now than it was 20 years ago. You have to be actually retarded to not understand how simple everything in the world is. Boomers already had it all figured out. That's why S&P is perma up only.

>> No.55905153
File: 83 KB, 1280x720, maxresdefault.jpg [View same] [iqdb] [saucenao] [google]
55905153

>>55903841
he says go short all the time, he called the bottom last year with pic related being a part of a whole month of bear posting, hes been saying sell since January in the face of the nasdaq best rally in decades

>> No.55905159
File: 30 KB, 1170x500, Fn1vy31acAM1Y1-.jpg [View same] [iqdb] [saucenao] [google]
55905159

lmao

>> No.55905175

>>55905092
Point out 1929 on that chart, Im sure there was a growing population then too

>> No.55905206

>>55904183
Do you truly believe the stock market will never go down now because ai exists?