History Rhymes: Large Language Models Off to a Bad Start?
Michael Burry
· Cassandra Unchained
· February 28, 2026 at 20:58
· ⏱ 16 min read
| Read on Substack ↗
Summary
The author references a New York Times article from June 19, 1880, to draw a historical parallel with the current state of Large Language Models. The title suggests this parallel is not favorable, implying that LLMs might be experiencing a problematic or overhyped beginning, similar to a past event.
•The entire content of the newsletter is a single reference to the New York Times from Saturday, June 19, 1880.
•The title, "History Rhymes: Large Language Models Off to a Bad Start?", frames this historical reference as a skeptical commentary on the current AI landscape.
•The article makes a thematic point through historical analogy but does not contain any specific analysis, market commentary, or mention of any securities.