June 8, 2025

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Big Short’s Michael Burry Bets on Lipstick to Combat Recession

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Big Short’s Michael Burry Bets on Lipstick to Combat Recession
Big Short’s Michael Burry Bets on Lipstick to Combat RecessionMichael Burry, known for predicting the subprime mortgage crisis in 2008, sold a major portion of his holdings during Q1 to focus on a single cosmetics stock: Estée Lauder. Analysts believe Burry expects a recession, based on the notion that makeup purchases tend to increase during economic downturns as consumers’ spending habits shift. Michael Burry […]