frog_brawler

@frog_brawler@lemmy.world

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⁨Comment⁩ on ⁨'Big Short' Michael Burry bets $1bn on AI bubble bursting | LBC⁩ ⁨⁨7⁩ ⁨hours⁩ ago⁩:
You can’t with any reasonability.

If you want to gamble on WHEN the AI bubble will pop, you buy large amounts of cheap puts on big-tech at a price substantially lower than where it is today.
⁨Comment⁩ on ⁨'Big Short' Michael Burry bets $1bn on AI bubble bursting | LBC⁩ ⁨⁨7⁩ ⁨hours⁩ ago⁩:
He’s highly regarded.
⁨Comment⁩ on ⁨'Big Short' Michael Burry bets $1bn on AI bubble bursting | LBC⁩ ⁨⁨7⁩ ⁨hours⁩ ago⁩:
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⁨Comment⁩ on ⁨'Big Short' Michael Burry bets $1bn on AI bubble bursting | LBC⁩ ⁨⁨7⁩ ⁨hours⁩ ago⁩:
He’s right about that - 100% right, but there’s SOOOO many things overvalued right now and it doesn’t seem to matter. Like, whatever is good on paper doesn’t necessarily correlate with reality in this market.