Michael Burry is a contrarian investor made famous by "The Big Short."
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Michael Burry isn't afraid to be controversial.He was ridiculed by Wall Street and castigated by clients for betting against the mid-2000s housing boom, but his contrarian wager paid off when the bubble burst.Since then, he's come out strongly against many speculative market trends, from meme stocks and SPACs to crypto and NFTs. He's also shorted Tesla and Palantir, leading to clashes with CEOs Elon Musk and Alex Karp, and has warned the AI boom will end badly.The investor of "The Big Short" fame gave a fresh example of his love for controversy in a Substack post on Wednesday.He recalled that in 2011, Lululemon founder Chip Wilson slapped "Who is JOHN GALT" on the athleisure brand's reusable shopping bags.Emblazoning Lululemon bags with the opening line of Ayn Rand's "Atlas Shrugged" was an alienating move, Burry said. The book is beloved by many conservatives and libertarians, while Lululemon's core demographic is young, progressive, yoga-loving women.Burry swiftly secured one of the questionable bags. "Because my habit is to poke bears, I framed it, and it hangs in my conference room to this day," he wrote.
