Story perspectives

Michael Burry's Newsletter Sparks Market Fear with 90,000 Subscribers

11/28/2025

Summary

Story summary

Michael Burry, an investor, launched a Substack newsletter, "Cassandra Unchained," critiquing the AI industry and winning 90,000 subscribers.
The subscriber surge prompted concerns that his warnings could influence markets or trigger a downturn.
Critics label him a permabear due to a history of predicting downturns, though some calls were correct.
The deregistration of Scion Asset Management, prompted by regulatory frustrations, has renewed questions about investor confidence.

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Story summary

Michael Burry, an investor, launched a Substack newsletter, "Cassandra Unchained," critiquing the AI industry and winning 90,000 subscribers.
The subscriber surge prompted concerns that his warnings could influence markets or trigger a downturn.
Critics label him a permabear due to a history of predicting downturns, though some calls were correct.
The deregistration of Scion Asset Management, prompted by regulatory frustrations, has renewed questions about investor confidence.