Michael Burry, the iconic investor known worldwide for predicting the 2008 financial crisis, has shifted his focus from active fund management to writing and analysis. After shutting down Scion Asset Management, Burry launched a new paid Substack newsletter where he shares deep market insights and sharp warnings about what he sees as excessive optimism surrounding the AI boom.
This move represents a major transition for one of the most followed contrarian investors of our time. Instead of running outside capital, he is now dedicating his energy to publishing research, commentary, and market warnings without regulatory limitations. His new platform has already captured attention across the financial and tech communities as he doubles down on calling out what he considers growing distortions in the AI boom.
Burry Moves from Managing Money to Sharing Unfiltered Insight
Scion Asset Management, the hedge fund Burry ran for years, has now been officially closed and deregistered. He returned capital to investors, freeing himself from the compliance and reporting constraints that come with fund management. This decision marks a strategic shift into a role that grants more independence, allowing him to share market views openly through long form writing.
His new Substack, named Cassandra Unchained, is designed to be a space for deeper analysis. The title itself references the Greek myth of Cassandra, a figure who warned people of future disasters but was rarely believed. The theme aligns closely with Burry’s own history as a contrarian who spots risks long before the mainstream does. With the AI boom becoming one of the largest investment narratives of the decade, Burry is positioning himself as one of its harshest critics.
Cassandra Unchained Attracts Thousands of Subscribers
Burry’s newsletter is not a casual hobby. It is a full-scale research subscription priced at a premium rate for readers who want access to unique market intelligence. The newsletter quickly attracted more than twenty-one thousand followers within days of launch, demonstrating the intense public interest in his market commentary.
In his early posts, Burry breaks down past market cycles, shares personal investment experiences, and dissects modern asset bubbles. Much of his attention turns toward the AI boom, where he argues that investors are underestimating the risks behind massive spending patterns and overenthusiastic projections.
Why Burry Questions the Sustainability of the AI Boom
The core of Burry’s argument is straightforward. He believes that the rush to invest in artificial intelligence infrastructure mirrors past speculative episodes. According to him, companies are expanding too fast, investing too aggressively, and assuming that future demand will justify present day spending. For Burry, these trends echo the late 1990s when the dot com bubble inflated rapidly before collapsing.
A major focus of his criticism is the wave of AI driven spending among major tech companies. Giants such as Microsoft Google Meta Amazon and Oracle are allocating enormous sums toward chips data centers and large-scale training systems. Burry suggests that this type of spending frenzy often precedes sharp corrections, particularly when return on investment is unclear.
He argues that the AI boom is being powered not only by genuine innovation but also by a supply side frenzy where companies race to build more capacity than the market may ever realistically need.
Concern Over Accounting Practices in the AI Industry
One of Burry’s strongest arguments involves the accounting strategies used by companies investing heavily in AI infrastructure. He claims that many firms are extending the assumed life span of AI hardware such as processors and servers. By stretching depreciation timelines, reported earnings temporarily look stronger than they should.
This approach can make companies appear more profitable even when actual cash flows are strained by constant spending. Burry sees this as a tactic that hides the true financial burden of the AI boom. He warns that once the real costs begin to show up on financial statements, valuations may face significant corrections.
Targeting Major AI Linked Companies with Market Bets
Burry is known for taking bold positions that challenge the consensus. True to form, he has placed options trades against some of the biggest names associated with the AI wave. His positions indicate a skepticism toward companies whose valuations rely heavily on the continuation of the AI boom.
These positions reflect his belief that many firms may not achieve the earnings necessary to justify their soaring market prices. He argues that investors are confusing early-stage excitement with sustainable profit models, just as they did during previous speculative booms.
A Strategic Pivot at the Perfect Time
Shutting down a hedge fund does not mean stepping away from markets. Instead, Burry is freeing himself to observe and analyze without the constraints of managing external capital. This gives him the flexibility to comment on trends such as the AI boom, share unfiltered insight, and publish new research without compliance barriers.
He emphasizes that he is not retired. Instead, he is transitioning into a role where writing, strategy, and education take center stage. His new platform grants him the ability to reach a global audience while engaging in thoughtful and critical market analysis.
The Growing Influence of Burry’s Market Warnings
Whenever Burry speaks, the market listens. His track record, especially his early warning about the housing collapse, cemented his reputation as a thinker who sees cracks before they widen. His focus on the AI boom has already generated debate among analysts, investors, and technology executives.
Some argue that he may be overly pessimistic given the transformative potential of artificial intelligence. Others believe he is once again spotting structural vulnerabilities long before the mainstream realizes them. As more of his essays are published, they are expected to shape future conversations around technology investing and valuation risks.
What Readers Can Expect from His New Platform
Burry’s newsletter aims to provide more than criticism. He plans to deliver historical analysis, detailed breakdowns of financial data, and reflections on past bubbles. For those following the AI boom, his insights present a cautionary but essential counterbalance to the widespread optimism dominating the tech sector.
His writing promises to be analytical, data backed, and rooted in long experience. As investors navigate the evolving AI landscape, Burry’s work may serve as a valuable guide to understanding both the excitement and the risks ahead.
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