Burry Isn’t Buying It…

AI’s biggest names spent the past week talking about: Slowing down.

Dario Amodei wants frontier labs to give safety work more time to catch up.
Sam Altman agrees that increasingly capable AI needs stronger safeguards.
Elon Musk has backed the broader concern.

Michael Burry?

→ He thinks they’re selling something.

His argument, essentially: If you tell the world your technology is almost too powerful to control, you’re also telling investors it’s extraordinarily valuable.

Then there’s the timing.

OpenAI and Anthropic are both moving toward eventual public listings.

To Burry, that makes all this talk about slowing down worth looking at from another angle.

Not just who AI needs protecting from…

but who benefits when everyone believes it needs protecting.

Very Burry. ⇩

SPONSOR BREAK presented by Brownstone*

Trump Takes on Foreign “Cartel” (and You Could Profit)

Trump is finishing a 25-year battle against a foreign “cartel.” And a single ticker is handing investors the chance at payouts like $8,704 in six days from the fallout. Click here to watch the full story now.
 

Four Problems With The AI Slowdown…

Burry doesn’t just think the push to slow AI is “self-serving.”

He has four reasons why.

1| There’s nothing to slow down.
In Burry’s view, today’s large language models aren’t true artificial intelligence and won’t lead to AGI. So the premise that we’re racing toward something uncontrollable starts on shaky ground.

2| A slowdown helps whoever is ahead.
Competitors are catching up quickly. Hit the brakes now, Burry argues, and the current leaders get something rather convenient:

More time in the lead.

3| The warning is also pretty good advertising.
Tell the world your technology is becoming so powerful that it might need to be slowed down…

and you’ve also told the world just how powerful your technology is.

4| Then there’s the timing.
This is Burry’s biggest accusation.

He argues the safety push could help distract from slowing growth as the companies behind it move closer to potential public listings.

✱ Put all four together and Burry’s argument becomes pretty simple:

Don’t just ask why they want AI to slow down. Ask who benefits if it does.

SPONSOR BREAK presented by MarketWise*

“Elon Musk’s One Stock Retirement Plan”

Legendary investor Stanley Druckenmiller once said:

“You don’t get rich by diversifying into 50 mediocre assets. You get rich by finding two or three asymmetric home runs.”

Jeff Brown just found this NEW asymmetric home run he calls “
Elon Musk’s One Stock Retirement Plan.” (Click here for details.)

And Then There’s The IPO.

Burry’s fourth point comes down to one thing:

→ Timing.

Neither OpenAI nor Anthropic is profitable today.

OpenAI isn’t planning to go public in 2026. Anthropic, meanwhile, is preparing for a potential listing this fall.

And that matters to Burry’s argument because an IPO does something private companies can largely avoid:

→ It opens the books.

Revenue growth, losses, cash burn and the path to profitability suddenly become much harder for investors to ignore.

That’s why Burry keeps coming back to the timing of the safety warnings.

His argument isn’t simply that the warnings are wrong.

He’s asking why they’re getting louder now.

SPONSOR BREAK presented by Brownstone*

Anthropic could go public as early as October 1

It’s part of a $4 trillion wave of tech IPOs Harvard calls “the AI IPO Tsunami.”

Former IPO insider, Jason Bodner, has uncovered three companies primed to soar as AI companies start going public.

Click here to find out how to get their names.

A Quick Update From August.

Two weeks ago, we covered Burry buying December Nvidia calls to hedge his existing short position — a trade he specifically said wasn’t about making money on the calls themselves.

Now the December puts are gone.↓

But the longer-dated bets aren’t.

Burry kept his 2027 Palantir and QQQ puts, which makes this look less like a complete reversal of his bearish thesis and more like a change in when he expects it to play out.

Same concern. Longer clock.↓

And…Burry’s Wine Cellar 🍷!

Burry’s new way to bet against the dollar: Fine wine.

His thesis centers on professionally stored cases of high-end wine sitting in London bonded warehouses. Burry argues they can effectively function as “a short position on the dollar.”

And unlike most Burry ideas, this one gets better after opening the bottle.

The Scarcity Part

Every time someone drinks a bottle from a particular vintage, there is permanently one fewer bottle left.

No new supply can be created.

Burry is pairing that scarcity with a much bigger thesis: that the dollar could gradually lose some of its dominance in the global financial system.

And he says this isn’t just a thought experiment.

He’s already made the trades.

There is, however, some fine print with the fine wine.

Storage, insurance and transaction costs all eat into returns, while improper storage can damage the asset you’re counting on appreciating.

Still, after falling roughly 25–30% from its peak, Burry appears to see something other investors might call a beaten-down collectible.

He sees a shrinking supply of bottles priced in dollars.

Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.

Also, help your friends blossom this spring! Share us with them.

💬 We Want To Hear Your Story:

Got a market or stock you want us to analyze next?

Just drop your request in the comments here.

P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!