‘Big Short’ investor Michael Burry warns of losses ‘the size of countries’
Michael Burry, who is best known for shorting the 2007 mortgage bond market, warned retail investors of losses worth “the size of countries” if prices of cryptocurrencies and meme stocks decline. In a series of tweets on June 17, which have since been deleted, Burry cautioned traders about the “mother of all crashes”, Bloomberg reported. Burry does have a habit of deleting his tweets, the report said. Read more here.