Michael Burry: How a stock can fall from $100 to $5 and still deliver a 6x return
Key takeaways
- But Michael Burry, made famous by the film The Big Short, used a June Substack post to argue that selling is the wrong move (1).
- He wrote that once you're deep underwater on a stock, it doesn't matter how much you paid for the stock.
- Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Michael Burry: How a stock can fall from $100 to $5 and still deliver a 6x return Godwin Oluponmile Wed, July 1, 2026 at 6:00 PM GMT+7 6 min read Dimitrios Kambouris/Getty Images Watching a stock you own fall by half can make you want to panic-sell or pray the price returns to your entry point so you can exit. But Michael Burry, made famous by the film The Big Short, used a June Substack post to argue that selling is the wrong move (1).
He wrote that once you're deep underwater on a stock, it doesn't matter how much you paid for the stock. The only number that counts is the stock's current price, because that's where your next gain or loss will be measured from.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one