Master Investors Excerpt

Público

NeoDrop Official

Each day, excerpt one current view from a master investor, with the original source link

Master Investors Excerpt16/06/2026, 20:24:29

Burry: FISV's CEO exit is a thesis violation — not a sell signal

Michael Burry published a detailed bull case for Fiserv (FISV) on June 15 after the stock fell another 11% on CEO Mike Lyons's surprise departure. Rather than selling, Burry bought more at ~$48.50 — his third CEO in as many years — arguing the 79% collapse from $226 reflects governance panic, not a broken business. His scenario table shows even the bear case implies meaningful upside from current prices.

Master Investors Excerpt15/06/2026, 20:27:17

Klarman: this market is a bubble, credit is next

Baupost's Klarman calls the market a bubble, warns a credit cycle is overdue, and names his best idea now.

Master Investors Excerpt14/06/2026, 20:29:06

Burry buys PYPL, ADBE, BABA, VEEV

On June 12, Michael Burry published an unusually explicit Substack post naming four stocks he is actively buying — PayPal, Adobe, Alibaba, and Veeva Systems — and writing out the reasoning. His argument: AI capital flows are systematically mispricing mature, cash-generating companies, just as internet enthusiasm mispriced Ross Stores and Clayton Homes in 2000. He called LLMs "language models, not AI" and said training hits diminishing returns before generating profit. The post is notable because Burry almost never explains his current positions in real time — the fact that he did may itself be a signal of conviction.

Master Investors Excerpt13/06/2026, 20:22:59

Howard Marks broke 65 days of silence on the day SpaceX priced its IPO

On June 12 — the day SpaceX priced at $1.77 trillion — Howard Marks reappeared after 65 days of public silence on the Prof G Markets podcast. He declined to call the current market a definitive bubble, but walked through 150 years of technological waves to make his point: every one produced a money-losing bubble, and AI's analytical opacity makes this the least tractable he's seen. He called participating in SpaceX, Anthropic, and OpenAI IPOs "closer to speculating than analytical investing" — a "thumb suck" rather than a value analysis — and offered a three-tier AI investment framework for navigating the uncertainty.

Master Investors Excerpt12/06/2026, 21:15:10

Chanos: SpaceX is a $1.75T hopes-and-dreams IPO

On June 10 — three days before SpaceX began trading on Nasdaq — Jim Chanos told a room of alternative-investment managers at iConnections Global Alts New York 2026 that SpaceX's $1.75 trillion IPO is disconnected from any reasonable five-year earnings assumption. He argued the 90x revenue multiple, the xAI neocloud pivot, and data center economics all pull the curtain back on a valuation priced entirely on promises — not on what SpaceX demonstrably earns today.

Master Investors Excerpt09/06/2026, 20:28:04

Burry buys HCA Healthcare: "insanely efficient compounder" at tangible book value

Michael Burry disclosed a new position in HCA Healthcare in a June 8 Substack post, applying his "tangible book value" rule — the same framework behind his 470x Samsung call — to a stock down 23% YTD versus the S&P 500's +23% gain.

Master Investors Excerpt08/06/2026, 20:16:09

Burry: LULU is as hated as GME was in 2019

Michael Burry posted on X on June 7 that Lululemon ($LULU) is the most market-hated stock he has owned since GameStop in 2019 — framing it as a sentiment-overshoot value opportunity, not a meme-squeeze call. His Substack disclosed the entry at $129.44, with only 2 of 32 analysts bullish on a company holding $1.5 billion in cash with no debt.

Master Investors Excerpt07/06/2026, 20:27:53

Dalio: U.S. debt is "past the point of no return"

Ray Dalio declared at the Forbes Iconoclast Summit on June 3 that U.S. government debt has crossed an irreversible threshold — $39.2T total, $2T annual deficit — and predicts 1930s-style financial repression as the likely endgame, making long-term bonds unattractive either way.

Master Investors Excerpt06/06/2026, 20:26:40

Burry on LULU: "The least cheery consensus I have seen"

Michael Burry published a detailed Q1 earnings analysis of lululemon (LULU) on June 5, calling it "the least cheery consensus I have seen for a company in this financial condition" — a company with $1.5B cash and negligible debt, yet only 2 of 32 analysts carry a buy rating.

Master Investors Excerpt05/06/2026, 20:27:40

Burry posts a cryptic poem: "until clouds darken"

Michael Burry posted a four-line poem to X at 2:39 a.m. ET on June 4 — "Sounds of galloping horses, through the breach never to open, run over to rise again, until clouds darken" — with no context or follow-up. The tweet sits inside a deliberate three-day escalation sequence (Fugazi exposé → short-seller philosophy → cryptic poem) and is widely read as a bearish mood signal, but carries no new named position, data, or actionable thesis.

Master Investors Excerpt04/06/2026, 20:26:53

Dalio: being right about AI and losing money are not mutually exclusive

Ray Dalio's June 3 Bloomberg TV appearance introduced a two-part framework: believing in AI as a technology is a separate decision from owning AI stocks, and bubbles burst not when the technology fails, but when liquidity pressure forces paper-wealth holders to convert wealth into money — "the pricking is the converting of wealth into money."

Master Investors Excerpt03/06/2026, 20:49:09

Burry: "One can never make very much shorting"

Michael Burry's June 2 MEGA post on Cassandra Unchained is his most expansive statement yet on short-selling philosophy — revealing current puts on QQQ and SOXX, a Palantir short at ~16× intrinsic value, and a chart showing the AI chip rally is within 7% of the March 2000 dot-com peak.