Michael Burry and The Small Short

Does Michael Burry's new short thesis have any merit?

Michael Burry has shut down Scion Asset Management.

Shortly after returning to the public eye after a few years of laying dormant in the dark, Burry is returning capital to those who have invested in his fund. After over two decades of running the fund on and off, this marks the end of one of the most unique and contrarian investment shops ever. They cr…