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Fri, January 10, 2025
[ Fri, Jan 10th ] - MSN
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[ Fri, Jan 10th ] - MSN
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[ Fri, Jan 10th ] - Forbes
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Thu, January 9, 2025
[ Thu, Jan 09th ] - MSN
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[ Thu, Jan 09th ] - MSN
'Big Short' investor Michael Burry kept quiet, pi .. China tech, and won big with a stock bet in 2024

'Big Short' investor Michael Burry kept quiet, piled into China tech, and won big with a stock bet in 2024


Published on 2025-01-09 23:21:06 - MSN
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  • Michael Burry refrained from posting on X, bet big on a trio of Chinese tech giants, and saw one stock wager pay off last year.

Michael Burry, known for his predictions of the 2008 financial crisis, made a significant investment in Chinese technology stocks in 2024, which paid off handsomely. Despite his usual reticence, Burry's strategic move into China's tech sector, particularly through investments in companies like Alibaba and Tencent, resulted in substantial gains. His decision to keep a low profile while making these investments allowed him to capitalize on the market's underestimation of China's tech recovery. This bet was part of a broader strategy where Burry also shorted other sectors, showcasing his contrarian investment approach. His success in 2024 further solidified his reputation as a savvy investor with a keen eye for undervalued assets in volatile markets.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/topstocks/big-short-investor-michael-burry-kept-quiet-piled-into-china-tech-and-won-big-with-a-stock-bet-in-2024/ar-BB1r9h4I ]
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