'Big Short' investor Michael Burry sold GameStop weeks before it skyrocketed: 'I had no idea what was coming' [Business Insider]
GameStop Corporation (GME)
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Source: Business Insider
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Michael Burry replayed his GameStop bet in a Substack post on Monday. The "Big Short" investor wrote that a "crappy business" became the "belle of the ball" in 2021. Burry sold before the meme-stock boom as he was "blinded" by the risks and had seen little payoff. When it comes to regrets, Michael Burry has a few. The investor of "The Big Short" fame, who bet on GameStop years before it became a meme, explained why he sold the stock before it skyrocketed in a Substack post on Monday night. Burry got in early Burry, who recently pivoted from hedge fund manager to online writer, first invested in GameStop in the summer of 2018. The video-game retailer's stock looked undervalued to him, and he saw an array of catalysts that could send it higher, he wrote. They included a console refresh in 2020, the possibility of a buyout, the potential
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