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However the news, unfortunately for Burry, has done little to boost the business's share price. The stock price for CNN's parent company is down 36.6% over the past year and 16.5% in the year to date.
Image source: The Motley Fool. Bad news is good news for investors. In an October 2008 opinion piece for The New York Times, Warren Buffett gave his thoughts on stocks and how he's investing for ...
Buffett and his team sold $133 billion of stocks in the first nine months of 2024 and bought less than $6 billion worth. In comparison, they sold a net $24 billion of stocks in 2023 and purchased ...
Michael Burry stayed quiet, bet big on Chinese tech giants, and saw one stock wager pay off in 2024. The investor of "The Big Short" fame boosted his Alibaba and JD.com stakes and bought into Baidu.
Buffett bet big on oil stocks, Burry virtually liquidated his portfolio, Ray Dalio piled into Big Tech, and George Soros revealed a stake in Tesla.
Tiger Stadium, popularly known as "Death Valley", is an outdoor stadium located in Baton Rouge, Louisiana, on the campus of Louisiana State University. It is the home stadium of the LSU Tigers football team. Prior to 1924, LSU played its home games at State Field, which was located on the old LSU campus in Downtown Baton Rouge.
The next year, 2003, the stock market finally turned around and rose 28.69%, but Burry beat it again, with returns of 50%. By the end of 2004, he was managing $600 million and turning money away." [6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. [12]
After the update, Ally's stock plummeted close to 20% and now sits at about $33. The largest investor in Ally is Berkshire Hathaway , the conglomerate run by legendary investor Warren Buffett.