Jason Friedberg
👤 PersonAppearances Over Time
Podcast Appearances
He couldn't make it today.
But let's get started.
We wanted to get you a show and we wanted to get it to you on time for your weekend.
Let's start with Michael Burr in his shirt.
So you guys know
Obviously, Michael Burry, he's the capital allocator from the big short, and he just deregistered his firm with the SEC.
He made a big bet against AI and Palantir.
He disclosed the shorts against Palantir a couple of weeks ago.
They weren't huge.
CNBC apparently reported that the value was like $900 million.
Burry says CNBC was wrong, that it was just $9 million.
But he had a really interesting...
I think maybe it's the cost of the shorts versus the value of the stock that the shorts represent.
No, it's because there's 100 shares per option.
Oh, I see.
Yes, because the options have 100.
They applied a multiple and they got it wrong.
Okay.
So the math, the calculator.
Yeah.