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Context from Wikipedia on the organisations, people and places in this story.
American hedge fund manager (born 1971)
Michael James Burry is an American investor, hedge fund manager, and licensed physician. He founded the hedge fund Scion Capital, which later went by the name Scion Asset Management. In November 2025, Burry announced he was shutting down Scion Asset Management; he then launched the Substack newsletter Cassandra Unchained on November 23.
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American investor and hedge fund manager (born 1949)
Raymond Thomas Dalio is an American billionaire investor and founder of Bridgewater Associates, one of the world's largest hedge funds.
More on Wikipedia ↗Michael Burry, the investor best known for The Big Short, said he continues to believe the market could be nearing a major top and potentially face a 1987-style crash despite the S&P 500 climbing to fresh record highs.