Investor Michael Burry envisions a “cold and dark” place for the markets

The renowned and controversial investor michael burystarring Christian Bale in The big shortrose to fame and made millions of dollars betting against the markets during the subprime crisis of 2008. Now, was pessimistic about the future of financial assets.

Through a Twitter post, the former hedge fund manager expressed: “Transient, no. Peak, no. To the moon? If you mean somewhere cold and dark.”. The message not only referred to inflation, which in May was 8.6% year-on-year, but also to the sayings of Elon Musk and many investors popularized by cryptocurrencies that shot up.

In any case, despite the general bearish view, Michael Burry bought in the first quarter of 2022 some important Actions technological.

Specifically, it acquired 6,500 Actions of Alphabet and 80,000 Actions of Meta (ex-Facebook). Although the reasons for the investmentit is suspected that the main one is the low valuation of these companies given the high potential.

Alphabet, focused on cloud storage, advertising and artificial intelligence, currently trades with a price-to-earnings (PE) ratio of around 20 times. Meanwhile, Meta, recently focused on the new metaverse ecosystem, is trading at just 13 times its earnings.

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