Michael Burry
· Cassandra Unchained
· February 26, 2026 at 16:29
· ⏱ 2 min read
| Read on Substack ↗
Summary
The author introduces the topic of Hong Kong stocks, noting they have been performing poorly for a long time. The article appears set to analyze the structure and valuation of Variable Interest Entities (VIEs) within this depressed market context.
•Hong Kong stocks are in a prolonged downturn.
•The article will focus on Variable Interest Entities (VIEs).
•The analysis will likely cover the vulnerabilities, virtues, and value associated with VIE structures.