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Story summary
- Michael Burry mocked U.S. President Donald Trump’s claim that short sellers are “poor bastards” and posted a rebuttal on X.
- U.S. President Donald Trump condemned short sellers at a White House luncheon, called the market the hottest, and asked who wasn’t enjoying it.
- Michael Burry said short selling is high-risk with limited upside, holds long positions, keeps cash as valuations rise, and uses index puts to bet against mania.
