The Guy From The Big Short Is Investing Big In GameStop

Common wisdom in the video game world is that GameStop is on its way out thanks to the rise of digital distribution, but hedge fund operator Michael Burry, who made an unfathomable amount of money by betting against subprime mortgages, is all in. His fund even owns 3 million shares, or about 3% of the…

The Guy From The Big Short Is Investing Big In GameStop

Common wisdom in the video game world is that GameStop is on its way out thanks to the rise of digital distribution, but hedge fund operator Michael Burry, who made an unfathomable amount of money by betting against subprime mortgages, is all in. His fund even owns 3 million shares, or about 3% of the struggling retailer.Burry, best known as “that guy Christian Bale plays in The Big Short,” told Barron’s that he’s long on GameStop because the retailer’s “balance sheet is ac
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