Burry’s not bullish. But he’s beginning to nibble.
Warren Buffett has become a North Star for many investors. Under his leadership, Berkshire Hathaway shareholders saw annualized returns of 20.1% between 1965 and 2021, nearly double the returns of the broader S&P 500. With the cash from Berkshire's various operations -- insurance, manufacturing, freight transportation -- Buffett has built a sizable equities portfolio.
The tech-heavy Nasdaq Composite index has plunged 28% year to date, even after the largely positive week of trading on July 20-24. Apple (NASDAQ: AAPL), Coupang (NYSE: CPNG), and Airbnb (NASDAQ: ABNB) have all fallen to the point where shares are begging to be bought, and with these three stocks, investors should consider doing just that. Apple might not excite many investors because of its $2.25 trillion market cap, especially considering its saturation in the smartphone space.