Scion Asset Management is a private investment firm established in 2013 by Michael Burry, famed for his role in predicting the U.S. housing market collapse ahead of the 2008 financial crisis. The firm employs value-oriented investment strategies and often takes contrarian positions in the market. Scion Asset Management has gained attention for its selective, high-conviction bets and its founder’s outspoken views on economic trends and market risks.