Before the emergence of inflation fears, Michael Burry used Twitter to predict a market crash. After predicting the “mother of all crashes,” the CEO of Scion Asset Management was in hot water. On Twitter, he expressed skepticism about the impact of technology on the economy. Burry sold 14 of his 20 stock positions in the third quarter of 2021. Over $2 billion in his Scion Asset Management fund was reduced to $41 million as a result of this.
Here is Insider Monkey’s list of the 6 best stocks to buy according to Michael Burry. An investment trust that owns and manages secure facilities is the GEO Group, Inc. In the fourth quarter of 2020, Burry made his first investment in the company. As a result of this, he has since reduced that stake by 53% and 26%, respectively. Bristol-Myers Squibb Company was purchased by the fund at an average price of $58.66 per share in the fourth quarter of 2021. This $18.7 million investment accounts for 25.12% of the overall portfolio. In the United States, Fidelity National Financial, Inc. sells insurance policies. Scion Asset Management has just added this company to its roster. About 22.77 percent of the total portfolio is made up of this investment, which is worth about $17 million. For more details, click 6 Best Stocks To Buy According To Michael Burry.
