Big bear Michael Burry criticizes Buffett's successor for aggressively investing when the market overheats

Comparing news, big bear Michael Burry said that under CEO Greg Abell's leadership, Berkshire Hathaway is no longer attractive, and he questioned Abel's capital allocation discipline.

Burry believes that Abel was too aggressive in deploying cash when market prices were high, rather than waiting for fat pitches like Buffett. Berkshire spent heavily on share buybacks, stock investments, and acquisitions, reducing its cash reserves.

Michael Burry was famous for successfully shorting the US real estate market before the 2008 financial crisis, and his investment views have been receiving market attention for a long time.