Michael Burry, der „Big Short“-Typ, schließt Hedgefonds aus Angst vor KI-Blasen. „Manchmal besteht der einzige gewinnbringende Zug darin, nicht zu spielen.“

He’s not necessarily „not playing“; he will invest privately without needing to constantly report his trade and „act“ in order to make outside clients feel like he’s doing something.

That said, his depreciation analysis seemed inadequate, as it requires making technological (rather than financial) assumptions about how many years each chip would remain useful and about the energy and computing demands of future AI models. It was thus entirely speculative and less valuable than applying similar analysis to, say, housing.

Worth pointing out that Michael Burry went short on the housing market almost 2 years before it actually crashed and nearly lost his ass in the process as it went against him for 2 years.

Just goes to show that markets can indeed stay irrational longer than you can remain solvent, even for big name traders.

War Games is a great movie. 

That’s what they said about global thermonuclear war, and look how *that* turned out.

Pigs get fat, hogs get slaughtered.

He closes his hedge and liquidated his funds the day before QQQ goes -2%. True wsb regard.

The system is corrupt and irrational