PROLOGUE: The Bullet September 10, 2025. 12:23 p.m. Mountain Time. Utah Valley University, Orem, Utah. Three thousand people watched Charlie Kirk step to the podium at a Turning Point USA campus
Michael Burry is back on Nvidia. His pitch, laid out on Substack in late May and backed with put options: three customers now make up ~64% of Nvidia's accounts receivable, up from ~56% a quarter
Every few weeks someone tells me AI is a bubble, just like the dot-coms, and that a crash is coming to sort the real from the hype. They're right that a crash is coming. They're wrong about what it
