Neither the Burry fellow, nor Nvidia/OpenAI/Microsoft have any positive contribution to society.
Burry kind of does. Your pension is invested mostly in stocks. Your pension fund needs to balance it’s risks and has many financial instruments to do so but those require counterparties, like that Burry fellow, who at least is honest about what he does, unlike con artists from big tech.
I am highly sceptical of the notion that “Burry is honest about what he does.”
Burry does what benefits him, if it means lying, cheating, stealing (and he thinks he can get away with it), he will do it.
The source of this news is not a statement by Burry - it was picked up from financial statements that they are required to submit to the regulators. If he’s lying there are major legal consequences.
I am speaking in general terms (same for my OP). I can elaborate, but it would be a wall of text…
I analyze financial reporting (as a smaller compoenent) of my work (US, EU, Asia), albeit my focus is on operational metrics included in such reports, so I am aware of what you’re saying.
As a side note, it is very much possible to de facto lie, not to mention be extremely misleading to the point of having the same outcome as lying, even in (US) financial reports.
Not all scepticism is based on conspiracy theory-style reflexive contrarianism.
