Big Short’s Michael Burry Bets on Lipstick to Combat Recession

Michael Burry, identified for predicting the subprime mortgage disaster in 2008, bought a significant portion of his holdings throughout Q1 to focus on a single cosmetics inventory: Estée Lauder. Analysts imagine Burry expects a recession, primarily based on the notion that make-up purchases have a tendency to improve throughout financial downturns as customers’ spending habits shift. Michael Burry […]



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