The investor who bet against the US housing market in the run-up to the 2007 financial crisis has now placed a significant wager on the collapse of the artificial intelligence (AI) boom.
Expiration and strike price were not shared so unclear what his play is. For reference “the big short” was about 1.3 billion in total placed in 2005-2006 with an expiration around 5 years later around 2010-2011. It was somewhat standard for burry/scion capital and possibly still is so they could be playing this assuming the bubble will pop no later than 2030 (and paying 10s of millions a year to maintain those contracts) or they possibly have data to suggest an earlier expiration is worthwhile. They obviously won’t share this and public disclosures aren’t required
What’s an accessible way for a non-wealthy person to bet against the AI bubble?
Yes I understand that this is tantamount to gambling.
If you’re in the US, that’s just part of daily life at this point. Employment? Food? Water? Shelter? Sanity? Hope? 🤷🏼♂️ Pick three, and roll’ em!
For me those stats are very low, can I roll perception instead?
Animal Handling or Performance, your choice.