Michael Burry says he’s sold out of his top holding — for now

Michael Burry, the hedge fund manager famously featured in The Big Short, has decided to sell off his top investment, which is currently at an 8.5-year low. This move suggests Burry might be reassessing his portfolio or taking a cautious stance amid market fluctuations. It's notable because his previous investment strategies, particularly his foresight during the 2008 financial crisis, have garnered significant attention and respect in the financial community. This shift could indicate a shift in his market outlook or a strategic recalibration.