The Big Short investor Michael Burry deletes Twitter account after an ominous final tweet
He issued a one-word warning to his followers
Big Short investor Michael Burry has deleted his Twitter account after posting a single word final tweet with a warning to his followers.
Burry, 51, is best known for making huge profits from the subprime mortgage crisis between 2007 and 2010 - events which inspired the movie The Big Short, starring Christian Bale as Burry. You can see the trailer here:
And it now seems that he has a word of advice for fellow investors with his final tweet before closing down his account.
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Burry decided to issue a slightly ominous one-word piece of advice to his 1.3 million Twitter followers, posting simply: “Sell.”
The tweet - and subsequent deletion of his account - came as market-investors awaited the Federal Reserve rate decision on Wednesday.
As yet, it’s unclear what Burry’s post meant, or why he’s decided to shut down his account.
However, it’s probably time to point out that this isn’t the first time Burry has left Twitter.
Back in November, he shut it down after getting into a spat with Tesla and Twitter CEO Elon Musk.
In a series of posts, Burry attempted to call out Musk over his business dealings prompting Musk to brand him a ‘broken clock’ in his own post.
And going back to June 2021, Burry deleted his account after warning of the ‘Greatest Speculative Bubble of All Time in All Things’ in a tweet.
In several posts at the time, Burry had warned against investing in cryptocurrencies, explaining that the cryptocurrency market was likely to take a downward plunge as more people invested.
The hedge fund manager and investor wrote: “All hype/speculation is doing is drawing in retail before the mother of all crashes. When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries.
In another post, he added: “The problem with #Crypto, as in most things, is the leverage. If you don’t know how much leverage is in crypto, you don’t know anything about crypto.”
As well as deleting his account when the mood takes him, Burry is known for removing his old tweets on a regular basis and says it’s for a pretty good reason.
Explaining why he likes to axe his older posts, he said: "Crypto/Meme bots and pumpers reply to big accounts in huge numbers for the promotion.
"Deleting tweets knocks it back. Going Private allows tools to discourage them."
Claire Reid