"The Big Short" Michael Burry Criticizes Buffett's Successor for "Being Aggressive in Investing During Market Bubble"

August 12th, "The Big Short" Michael Burry stated that under CEO Greg Abel's leadership, Berkshire Hathaway is no longer attractive, questioning Abel's capital allocation discipline.

Burry believes that Abel has been too aggressive in deploying cash when market prices are high, instead of waiting for a "fat pitch" like Buffett. Berkshire has spent heavily on stock buybacks, stock investments, and acquisitions, reducing its cash reserves.

Michael Burry, famous for successfully shorting the US real estate market before the 2008 financial crisis, has long been followed for his investment insights.