Is Michael Burry Right About MercadoLibre?

Published October 6, 2026 · Category: Finance

Overview

Michael Burry is one of the most followed investors working today. The longtime head of the hedge fund Scion Asset Management gained fame from The Big Short, when his huge bet on the housing crash paid off in 2008.

That tale established Burry as a top contrarian investor, and investors have followed his moves since. Burry shut down his hedge fund last year and now shares his thoughts and investments on his Substack. One of his most intriguing ideas this year has been MercadoLibre (NASDAQ:MELI). The stock is now down nearly a third from its peak in 2025, even as tech stocks and the S&P 500 are hovering around all-time highs.

Details

The Latin American e-commerce star has been a top performer on the market since its IPO in 2007, but has struggled more recently due to concerns about competition, falling margins, and its risky venture into the credit business.

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Source

Originally published at www.fool.com.

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