Just now, I came across an interesting point in the feed. Michael Burry, the guy who predicted the mortgage collapse back in 2008, suddenly returned to social media after a long silence. And do you know what he wrote? Just one message: "Sometimes we see bubbles. Sometimes you need to do something about it. Sometimes the only way out is not to play." That’s all.

It sounds simple, but the context is important. Against the backdrop of the AI sector soaring into the stratosphere and Nvidia approaching a $5 trillion market cap, Burry’s message sounds like a warning. His fund has already started actively repositioning — nearly completely selling off its portfolio and opening short positions. This is not a joke.

Michael Burry clearly sees parallels with the dot-com bubble of the early 2000s. Back then, everyone believed technology would change everything, prices soared, and then what happened, happened. The current situation is similar, but with AI taking the main role. Everyone talks about a bubble, but no one knows when it will burst.

Keynes once said: the market can remain irrational longer than you can remain solvent. And that’s the main problem. Michael Burry is right in his analysis, but time is an unknown variable. History shows that bubbles always burst, but only after everyone is convinced that this time will be different.

The question now isn’t whether there will be a correction. The question is when. And are you prepared for it?