Michael Burry, renowned for his foresight in predicting the 2008 financial crisis as depicted in the film "The Big Short," has once again reshuffled his investment portfolio, as indicated in the latest SEC filing. The filing reveals a calculated and significant alteration in his holdings: liquidating positions in 14 companies entirely, doubling down on select investments, and acquiring stakes in five new stocks. This strategic adjustment has piqued the interest of the investment community, particularly given Burry's reputation for prescient market moves.
At the heart of Burry's new strategy is a notable pivot towards physical gold, with a substantial investment in the Sprott Physical Gold Trust. This trust is distinguished from other gold-related financial instruments in that it offers investors the ownership of actual gold stored at the Royal Canadian Mint, rather than merely tracking the commodity's price. Investors in the trust can, with a significant enough stake, redeem their shares for physical gold.
Michael Burry: "I Sold 100% Of 14 Stocks To Buy This" This Will Make Me Millions Amid 2024 Turmoil
