"The Big Short" Michael Burry Criticizes Buffett's Successor for "Being Aggressive in Investing During Market Bubble"

US0%
BUBBLE0%

BlockBeats News, August 12th, "The Big Short" Michael Burry stated that under CEO Greg Abel's leadership, Berkshire Hathaway is no longer attractive, questioning Abel's capital allocation discipline.

Burry believes that Abel has been too aggressive in deploying cash when market prices are high, instead of waiting for a "fat pitch" like Buffett. Berkshire has spent heavily on stock buybacks, stock investments, and acquisitions, reducing its cash reserves.

Michael Burry, famous for successfully shorting the US real estate market before the 2008 financial crisis, has long been followed for his investment insights.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

Related NewsView all

The US Dollar Index is set to decline for the sixth consecutive week, with fading rate hike expectations being the main driver.

The Stock Market Hits New Highs Triggering "Fear of Missing Out," Institutions Increase Their Long Call Options Positions

U.S. Stock Market Opens, Nasdaq Up 0.16%, SanDisk Up 7%

Hot

Coins
Price
24H Change