Michael Burry Warns Nasdaq Valuations Are Far Richer Than They Appear, Blaming “Earnings Illusion” From Stock-Based Compensation
Michael Burry, the investor made famous by “The Big Short,” has delivered one of his most detailed and scathing critiques yet of the AI-driven stock market, arguing that headline earnings for many Nasdaq 100 companies are badly overstated because of the way they account for stock-based compensation. In a lengthy Substack post published this week, […]
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