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Michael Burry's Latest Short: Not Giving Back to Charity

MarketDash Editorial Team
4 days ago
The investor who predicted the 2008 crisis is shutting down his hedge fund and launching a paid newsletter. But here's the twist: he's pledging 5% of subscription revenue to charity, starting with an organization founded by the actor who played him in The Big Short.

Michael Burry is adding an unexpected twist to his famously contrarian investing career. On Wednesday, the investor best known for betting against the housing market before the 2008 financial crisis announced that he'll donate 5% of all subscription revenue from his new paid Substack newsletter to charity.

It's a philanthropic gesture that softens the edges of Wall Street's most celebrated bear.

For December, Burry selected TogetherCalifornia as his charity of choice. The organization works with children and families navigating the Los Angeles County foster care system. What makes this particularly interesting? TogetherCalifornia was founded by Christian Bale, the actor who portrayed Burry himself in the film adaptation of "The Big Short." Truth really is stranger than fiction.

From Hedge Fund to Newsletter

The charitable commitment accompanies a major career shift for Burry. He's dissolved Scion Asset Management, his hedge fund, and is now dedicating his full attention to "Cassandra Unchained," his Substack publication.

True to form, Burry isn't exactly riding off into the sunset quietly. His recent investment moves show he's as skeptical as ever about market euphoria. Scion's final regulatory filings revealed substantial put options against two of artificial intelligence's biggest names: Nvidia Corp. (NVDA) and Palantir Technologies, Inc. (PLTR).

Burry sees the AI boom as a bubble inflated by speculative valuations and questionable accounting practices. He's particularly critical of extended depreciation timelines on AI infrastructure like chips, which he believes artificially boost short-term profits. He's also taken aim at heavy stock-based compensation plans that he views as masking true costs.

The Bigger Picture

Burry remains Wall Street's most prominent professional skeptic, but his new platform suggests something beyond pure profit motive and market predictions. By committing 5% of his newsletter subscription revenue to charitable causes, he's tying this new chapter directly to social impact.

It's a reminder that even the most battle-hardened market bears can have a softer side. Burry is leveraging his new platform to ensure a portion of his success flows toward meaningful causes, proving that contrarian investing and charitable giving aren't mutually exclusive.

Back to News

Michael Burry's Latest Short: Not Giving Back to Charity

MarketDash Editorial Team
4 days ago
The investor who predicted the 2008 crisis is shutting down his hedge fund and launching a paid newsletter. But here's the twist: he's pledging 5% of subscription revenue to charity, starting with an organization founded by the actor who played him in The Big Short.

Michael Burry is adding an unexpected twist to his famously contrarian investing career. On Wednesday, the investor best known for betting against the housing market before the 2008 financial crisis announced that he'll donate 5% of all subscription revenue from his new paid Substack newsletter to charity.

It's a philanthropic gesture that softens the edges of Wall Street's most celebrated bear.

For December, Burry selected TogetherCalifornia as his charity of choice. The organization works with children and families navigating the Los Angeles County foster care system. What makes this particularly interesting? TogetherCalifornia was founded by Christian Bale, the actor who portrayed Burry himself in the film adaptation of "The Big Short." Truth really is stranger than fiction.

From Hedge Fund to Newsletter

The charitable commitment accompanies a major career shift for Burry. He's dissolved Scion Asset Management, his hedge fund, and is now dedicating his full attention to "Cassandra Unchained," his Substack publication.

True to form, Burry isn't exactly riding off into the sunset quietly. His recent investment moves show he's as skeptical as ever about market euphoria. Scion's final regulatory filings revealed substantial put options against two of artificial intelligence's biggest names: Nvidia Corp. (NVDA) and Palantir Technologies, Inc. (PLTR).

Burry sees the AI boom as a bubble inflated by speculative valuations and questionable accounting practices. He's particularly critical of extended depreciation timelines on AI infrastructure like chips, which he believes artificially boost short-term profits. He's also taken aim at heavy stock-based compensation plans that he views as masking true costs.

The Bigger Picture

Burry remains Wall Street's most prominent professional skeptic, but his new platform suggests something beyond pure profit motive and market predictions. By committing 5% of his newsletter subscription revenue to charitable causes, he's tying this new chapter directly to social impact.

It's a reminder that even the most battle-hardened market bears can have a softer side. Burry is leveraging his new platform to ensure a portion of his success flows toward meaningful causes, proving that contrarian investing and charitable giving aren't mutually exclusive.