"Big Short" Hero Michael Burry Bet $1.6 Billion on a 2023 Crash. The S&P 500 Gained 24%.

Fresh off his legendary 2008 Big Short fame, Burry went all-in on doom again. By mid-2023, SEC filings revealed he had placed $1.6 billion in put options against the S&P 500 and Nasdaq—essentially betting the farm on a market meltdown. Financial media went wild. "The guy who predicted 2008 sees another crash coming!" The prophecy never materialized. By Q3 2023, Burry quietly closed his bearish positions as markets refused to cooperate. The S&P 500 finished 2023 up 24%. The Nasdaq? Up 43%. And then 2024 continued the party. Being right once in 2008 has powered a decade of wrong calls that would have bankrupted anyone without a cult following. But hey, at least the documentary was good.