Michael Burry of the ‘Big Short’ was asked to give advice to Gen Z: Buy half the house you can afford, and if it ‘flies or floats, rent it’
Source: Fortune ·
"Art in the eye of the beholder is cheap," wrote Burry.
From the source
With rumors of a market bubble flying around, perhaps even more people than normal are tuning to trader Michael Burry’s takes on the economy. The investor became a household name after predicting and betting on the 2007 to 2008 subprime mortgage crisis, chronicled in the Hollywood blockbuster The Big Short.Nearly two decades later, with question marks piling up over artificial intelligence valuations, Burry’s skepticism of market hype remains alive and well. He said last month that he believes the AI bubble “may burst sooner than later.”And the caution Burry has exercised in his investment career appears to extend into his personal finance rules—and the advice he would give to others. Burry shared on his Substack, Cassandra Unchained, that he had been asked to give life advice to a 26-year-old, a Gen Z. Burry had 10 pieces of advice. The first was to never stop exercising or learning; the second was to accept compromise in order to begin relationships. He also suggested manifesting…