Reported about 9 hours ago
Michael Burry, the contrarian investor who famously predicted the 2008 housing crisis, is increasing his investments in three major Chinese stocks—JD.com, Baidu, and Alibaba—despite potential challenges posed by a Trump administration, including fears of high tariffs on Chinese imports. Burry's strategy includes a significant stake increase and protective put options to safeguard against volatility. Despite uncertainties, his betting draws attention to the potential of these stocks in a volatile market.
Source: YAHOO