Michael Burry sends warning on one of Wall Street’s top stocks
Hillary Remy
Tue, August 11, 2026 at 10:03 PM GMT+5:30
5 min read
- BRK-B
-1.24%
Some investors build their reputation by being loud. Others build it by staying quiet for years and then saying exactly one thing that everyone remembers. The investor who correctly called the 2008 housing crash before almost anyone else belongs to the second group, and he just broke his silence on a company he has watched for decades
For years, that company was treated as close to untouchable, a conglomerate built on discipline so consistent that even skeptics gave it the benefit of the doubt. That reputation is now being tested in public, and the man raising the doubts has a track record that makes him hard to dismiss
Michael Burry on Berkshire Hathaway and the fat pitch warning
Michael Burry said his biggest worry about Berkshire Hathaway was that Warren Buffett‘s eventual successor would lack the patience to wait for the right opportunity, an investing idea Buffett described as waiting for the perfect pitch. “My biggest fear for Berkshire Hathaway was that when Warren finally stepped down, the successor would be too old and otherwise not Warren, so would not have his patience for the fat pitch. I believe this fear has come true. I do not find Berkshire an attractive investment going forward,” Burry wrote in his Cassandra Unchained newsletter on August 10.
The phrase Burry used traces back to Buffett himself, who borrowed it from baseball legend Ted Williams to describe an exceptionally clear, low-risk and high-return opportunity worth waiting for rather than swinging at anything close. It has functioned for decades as shorthand for Berkshire’s entire investment philosophy: patience over activity
Burry’s comments carry weight because his own recent calls have been landing. His bearish positions against Tesla, Caterpillar and a major semiconductor fund had already moved in his favor as the broader AI trade pulled back this summer, as TheStreet reported
On August 6, he added new short positions against Oracle and neocloud company Nebius, extending his bearish AI bets. That pattern has made Wall Street pay closer attention to whatever he says next
The timing of Burry’s post also lines up with fresh numbers. Berkshire ended its second quarter with roughly $365.5 billion in cash and Treasury bills, down from a record $397.4 billion at the close of the first quarter and marking the company’s first sequential decline in cash in about four years
