Morning Brew Daily ‘Big Short’ Investor Calls it Quits & Cannabis Products Up in Smoke?
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Nov 14, 2025 Michael Burry, the renowned 'Big Short' investor, draws parallels between the AI boom and the 2008 housing bubble, sparking dialogue on the fragility of earnings in the AI sector. Meanwhile, new government restrictions threaten the hemp industry, driven by lobbying efforts. Cisco Systems appears to be making a comeback thanks to a surge in AI-related demand. On a lighter note, Robinhood launches a cash delivery service, while Uber introduces rides for skiers to major resorts—perfect for winter adventurers!
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World Record Wheelie For Fun
- A 19-year-old, Oscar DeLatte, set the world record for the longest wheelie: six and a half hours and 93 miles.
- He completed 752 laps and said he kept focused because breaking the record was intense and fun.
Burry Exits Public Eye Over AI Bets
- Michael Burry deregistered Scion Capital likely to avoid media scrutiny after public AI short bets drew attention.
- He warns AI CapEx is large, recurring, and could expose overstated earnings if depreciation and commitments falter.
AI CapEx Is Recurring And Risky
- Burry's thesis: AI infrastructure spending is huge and recurring, not a one-off capex surge.
- Rapid chip depreciation and aggressive accounting could make AI investments a house of cards.