Michael Burry's grim warnings are a 'godsend,' star tech investor says
Gavin Baker praised Michael Burry and his Substack on a recent podcast.Atreides Management's chief investor said AI isn't a bubble but he values Burry's skepticism."We want a really smart person who's credibly banging a bearish drum," Baker said about Burry.Michael Burry has been locking horns with AI bulls like Elon Musk and Alex Karp, but Gavin Baker says he's thankful for Burry's thoughtful critiques of the latest tech boom."I'm so grateful to Michael Burry," the managing partner and chief investor of Atreides Management said during the latest episode of the "Generating Alpha" podcast. "His Substack, it's a godsend."Baker, an early investor in Tesla, SpaceX, and Nvidia, described Burry as a "really smart, intelligent guy who's making a really credible bear case every day.""We want that," he continued.
Reported by 1 outlet — Business Insider. See all sources ↓
Gavin Baker praised Michael Burry and his Substack on a recent podcast.Atreides Management's chief investor said AI isn't a bubble but he values Burry's skepticism."We want a really smart person who's credibly banging a bearish drum," Baker said about Burry.Michael Burry has been locking horns with AI bulls like Elon Musk and Alex Karp, but Gavin Baker says he's thankful for Burry's thoughtful critiques of the latest tech boom."I'm so grateful to Michael Burry," the managing partner and chief investor of Atreides Management said during the latest episode of the "Generating Alpha" podcast. "His Substack, it's a godsend."Baker, an early investor in Tesla, SpaceX, and Nvidia, described Burry as a "really smart, intelligent guy who's making a really credible bear case every day.""We want that," he continued. "We want a really smart person who's credibly banging a bearish drum."Burry, the investor of "The Big Short" fame, pivoted from running a hedge fund to writing about his personal portfolio on Substack late last year.He's warned that Big Tech companies are spending too much on AI equipment such as Nvidia microchips and data centers, creating a capital-spending bubble that will burst if demand falls short of expectations.On the podcast, Baker showed he's no stranger to Burry and another leading bear, GMO cofounder Jeremy Grantham. He echoed the pair by saying that revolutionary technologies have historically sparked bubbles as buzz and speculation take hold, leading to overbuilding and an eventual crash.Baker said that "if you look at everything — canals, railroads, radio, the internet, PCs — you would think we will have an AI bubble."He said that as a value-conscious investor, that prospect is a "disaster" and a "nightmare" that nobody wants.
Read the full report at Business Insider ↗
Why it matters
A world story we're tracking; its significance and source trust firm up as more outlets confirm it.
- What's the story?
- Gavin Baker praised Michael Burry and his Substack on a recent podcast.Atreides Management's chief investor said AI isn't a bubble but he values Burry's skepticism."We want a really smart person who's credibly banging a bearish drum," Baker said about Burry.Michael Burry has been locking horns with AI bulls like Elon Musk and Alex Karp, but Gavin Baker says he's thankful for Burry's thoughtful critiques of the latest tech boom."I'm so grateful to Michael Burry," the managing partner and chief investor of Atreides Management said during the latest episode of the "Generating Alpha" podcast. "His Substack, it's a godsend."Baker, an early investor in Tesla, SpaceX, and Nvidia, described Burry as a "really smart, intelligent guy who's making a really credible bear case every day.""We want that," he continued.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 16m ago.
How outlets are framing the same story
Here's how each outlet is covering the story — compare their headlines and timing at a glance.
- Coverage card1 outlet1CoverageScouting report
Michael Burry's grim warnings are a 'godsend,' star tech investor says
Sources1TypeCoverageBusiness Insider