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Michael Burry's AI Depreciation Warning
In The Big Short, there's a quiet moment that defines Michael Burry.
As his investors press him on why he wants to bet against MBS, the investor asks, "How do you know the bonds are worthless?"
"I read them," Burry says.
The investor laughs. "No one reads them. Not even the guys on Wall Street."
Burry ends with "I don't think they know what they made"
