Michael Burry is not a believer: ‘For any stocks going parabolic reduce positions almost entirely’

Key Points

Michael Burry said investors should “reject greed” as enthusiasm around artificial intelligence and momentum-driven trades pushes valuations sharply higher.
“An easier way for most is to simply reduce exposure to stocks, to tech stocks in particular. For any stocks going parabolic reduce positions almost entirely,” Burry wrote.

Source

Finance

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