Michael Burry's $574,000,000 Missed GameStop Opportunity

Leading up to 2020, GameStop was easily Michael Burry's largest investment (through Scion Asset Management). So when Wall Street Bets sent GameStop stock up 1,600% in early 2021, we all thought Burry had just pocketed a cool $500M in the process. Well, we were wrong. Very wrong. This is what happened.

★ ★ PROFITFUL ★ ★

#michaelburry #gamestop #wallstreetbets

DISCLAIMER:
Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.

[NewMoneyYouTube]

Just to be clear, yes, I understand there are much worse situations in the market (like taking a big L), and I know Burry is already a multi millionaire and living well. But still, it kills me a little bit inside to see situations like this haha. I just imagine that were me and how annoyed I'd be, when really I should be very happy. 😛

[harivinayak]

It's ok, man. Somewhere between greed and fear lies the peace of mind of not giving into either side.

[boyitellyahwat]

Imagine being upset at a 200% yearly gain

[mr.grumpygrumpy]

I don't blame Michael at all on this. He took a profit, enough said.

[raychristopher]

After a terrible 2022, shell-shocked financial backers have a lot to think about and losses to recover from. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down. This implies that portfolios will experience more losses during the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?

[lotsofrobots]

Missing out is not a disaster. Losing money is a disaster. I thought you were a Buffett guy...? It's not about "could have..."

[too-da-loo]

I have sold many times just before a stock went up.. I have also held too long and watch it drop like a brick. Now I just find my sweet spot where I am happy with the profit and move on.

[RamblingRamul]

the dude is literally worth hundreds of millions. I'm sure he will be fine.

[valueinvestingmindset]

You’re looking at this wrong. Michael sold because the value was realized for him. He already closed an amazing position, you can never be unhappy about positive returns. Anything above $10 was overvalued and therefore a higher risk for it to plummet. I would’ve done the same thing.

[JoeMaule]

This whole GME saga has been incredible to watch. Fortunes made and fortunes lost.

[tenand]

wise investor doesnt feel.. he follows logic and for the gamestop, the opportunity cost is nothing because he was moving logically in market imo

[chloelennon]

Missing out isn't bad, I was opportuned to hit $234, 564 on my portfolio. Once you know how to maintain and build wealth you realize being broke is a choice.

[gdnygma]

You can’t think like this, imagine you looked the wrong way and got hit by a bus, he booked a profit that’s his job

[neilpalmer]

You miss one BIG POINT. An experienced trader makes moves on his/ her metrics that have worked through experience. Not an stupid emotional decisions. Always take profits 🥳

[TheIcelandicInvestor]

I'm glad I did not part take in this madness 😅

[Halek]

He made huge profit, that's far from disaster. Sorry mate, I can't agree with you on this one. :)

[ronaldtimberland]

Donald Moore is the best account manager of our time

[tendergreenheart]

Thank you!

To me, it seems like a situation that no one would have seen it coming.

[SelfMadeWealth]

Reddit investors made money investing the check in GME😂

[neves]

How much did you make? Where were your entry and buy positions?