Michael Burry fired back at Palantir CEO Alex Karp after Karp called Burry's bets "batshit crazy" in a televised interview. Burry posted on X that Karp and Palantir "cannot crack a simple 13F" and asserted that rigorous ontological and epistemological models must recognize insufficient information sets. Scion Asset Management's 13F filing showed bearish put options on 5 million Palantir shares with a notional $912 million and puts on 1 million Nvidia shares worth $187 million. The filing did not specify whether those positions remained through October or November. Palantir's stock dropped about 15% following the earnings and the filing revelation.
"The investor of 'The Big Short' fame hit back at the Palantir CEO in an X post on Sunday night, after Karp blasted his latest bets as 'batshit crazy' in a televised interview last week. 'Doesn't surprise me one bit that Alex Karp and his 'ontology' @PalantirTech cannot crack a simple 13F.A fundamental principle of any rigorous ontological/epistemological model - whether philosophical or in data science - is recognizing when your information set is insufficient for valid conclusions,' he added."
"Burry's Scion Asset Management revealed last Monday, in a quarterly portfolio disclosure known as a 13F, that at the end of September, it owned bearish put options on 5 million Palantir shares with a notional value of $912 million. The filing also showed it held puts on 1 million Nvidia shares worth a notional $187 million. But it didn't indicate whether Burry held those short positions through October or early November."
Read at Business Insider
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