Tuesday morning saw a dust-up on financial Twitter — aka FinTwit — as two investing heavyweights squared off in the media.
In one corner, we have the “Diva of Disruptive Innovation” herself — the reigning CEO of Ark Investment Management LLC, Cathie “Money Tree” Wood!
And her challenger, the man who landed one of the biggest downside bets in history, Michael “The Big Short” Burry.
In Monday’s latest 13F filings, news outlets reported that the Burry-owned Scion Asset Management bought 2,355 puts in the second quarter against Wood’s Ark Innovation ETF.
Dr. Burry famously was one of the few who won big after predicting the subprime housing crisis. Since then, when he makes a move, traders take notice.
But even with a track record as impressive as his, is this a warning of another growth stock crash in the making, or is this just noise from someone using the same move and hoping lightning will strike twice?
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