“大空头”Burry隐晦警告：有时我们会看到泡沫，唯一获胜的招式就是不玩

Core Insights - Michael Burry, known as the "Big Short," has issued a warning to retail investors about potential market bubbles, particularly in the context of the ongoing AI boom [1] - Burry's firm, Scion Asset Management, has liquidated nearly all its publicly traded stocks in Q1 2025, while establishing put options against Nvidia [2] Group 1: Market Sentiment - Burry's warning suggests that there may be a bubble in the market, although he did not specify which assets he was referring to [1] - The rise in stock prices of a few tech companies, particularly Nvidia, has drawn market attention, with Nvidia recently becoming the first company to surpass a market capitalization of $5 trillion [2] Group 2: Investment Strategy - Scion Asset Management's Q1 2025 filings reveal that the firm has retained only its position in Estée Lauder while selling off nearly all other stocks [2] - The filings also indicate that the put options against Nvidia and other companies may be used to hedge against long positions that do not need to be reported in the 13F filings [2]