Famed for predicting the housing market crash and a vocal skeptic of the AI boom, Michael Burry is now invoking one of the world’s most famous investors to add gravitas to his argument.
Burry used an escalator built by Berkshire Hathaway’s
BRK.A Chairman Warren Buffett, in a department store he owned in the late 1960s, to illustrate how vast AI spending may not leading to value accruing across its supply chain.
Why Michael Burry’s AI skepticism can be explained by an escalator that Warren Buffett built
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Famed for predicting the housing market crash and a vocal skeptic of the AI boom, Michael Burry is now invoking one of the world’s most famous investors to add gravitas to his argument.
Burry used an escalator built by Berkshire Hathaway’s
BRK.A Chairman Warren Buffett, in a department store he owned in the late 1960s, to illustrate how vast AI spending may not leading to value accruing across its supply chain.
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