If the sign of true intelligence is the ability to change one's mind, then Michael 'The Big Short' Burry might be the most intelligent man on the planet, or at least Wall Street.
The famed investor who made his name by predicting and then benefitting financially from the housing collapse that caused the 2008 economic crisis, is taking back his previous advice to be bearish in the current stock market climate.
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"I was wrong to say sell," Burry tweeted to his 1.4 million followers Thursday.
Burry then went on to share charts to show that investors today are behaving outside of the norm going back to the 1920s.
"Going back to the 1920s, there has been no BTFD generation like you. Congratulations," Burry tweeted.
Burry frequently deletes his previous tweets, so it can be tough to pin down exactly what he is talking about. Thankfully screenshots exist.
Some users noted Burry's tendency to change his mind.
A couple of weeks ago, Burry changed his opinion on the collapse of Silicon Valley Bank.
Burry says the current crisis is not a real danger and can be resolved very quickly.
"This crisis could resolve very quickly," the famous investor posted on Twitter on March 13. "I am not seeing true danger here."
But the previous week, he compared Silicon Valley Bank to disgraced energy broker Enron then predicted that another big bank was bound to fail.
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