The Young Investors Podcast
Michael Burry Bets On A Stock Market Crash
Aug 18, 2023
Michael Burry, a smart money investor known for his successful stock purchases, discusses his bet against the stock market. The podcast also explores topics such as Berkshire Hathaway's trade in Activision Blizzard, VINFAST's remarkable IPO debut, Tesla's price cuts in China, and the Dunning-Kruger effect in stock analysis.
01:05:05
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Quick takeaways
- The Biden administration signed an executive order restricting US investments in Chinese technology due to concerns over national security and China's advancements in semiconductors, quantum computing, and artificial intelligence.
- Apple supplier Foxconn has begun production of the iPhone 15 in India as part of its plan to diversify manufacturing and reduce reliance on China, helping mitigate potential risks in the US-China relationship.
Deep dives
US restricts private equity and venture capital investments in Chinese tech
The Biden administration signed an executive order restricting US private equity and venture capital investments in Chinese technology. The order targets investments in technologies like semiconductors, quantum computing, and artificial intelligence, citing concerns over China's advancements in these areas and potential implications for US national security. Private equity and venture capital investments in China had already fallen in 2022, primarily due to geopolitical concerns and China's weakening economy. The executive order indicates a potential for further bans and wider restrictions in the future.
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