Chapter
Michael Burry invests in struggling company
02:12 - 06:10 (03:58)
Michael Burry, famous for predicting the 2008 mortgage crisis, disclosed a 3% position in a struggling company in August 2019. The company recently made false statements to the public, causing controversy.
Clips
The host reads a summary of the GameStop saga, including the involvement of Wall Street Bets, and discusses the actions of Robinhood and other companies.
02:12 - 02:48 (00:36)
Summary
The host reads a summary of the GameStop saga, including the involvement of Wall Street Bets, and discusses the actions of Robinhood and other companies.
ChapterMichael Burry invests in struggling company
EpisodeE19: Breaking down Robinhood's GameStop decision: Why did it happen and how can it be prevented in the future?
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker accuses a company of corporate fraud and believes that those responsible should face legal consequences for impacting individuals with potential losses of billions of dollars.
02:48 - 04:22 (01:34)
Summary
The speaker accuses a company of corporate fraud and believes that those responsible should face legal consequences for impacting individuals with potential losses of billions of dollars.
ChapterMichael Burry invests in struggling company
EpisodeE19: Breaking down Robinhood's GameStop decision: Why did it happen and how can it be prevented in the future?
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Michael Burry discloses a 3% position in GameStop, a company that was previously thought to be dying due to decreased mall traffic and in-store purchases.
04:22 - 06:10 (01:48)
Summary
Michael Burry discloses a 3% position in GameStop, a company that was previously thought to be dying due to decreased mall traffic and in-store purchases. Dislocations in the market can be driven by momentum-driven trading by organized capital through stock trading forums.