Michael Burry's 2026 Portfolio Doesn't Exist: Steal His 3-Step Method Instead

Send us Fan Mail What is really inside Michael Burry's 2026 recession portfolio? Nothing you can see.  Burry deregistered Scion in November 2025, so his book is now invisible. In this episode of Making Billions, I explain why the portfolio every video claims to reveal probably does not exist, and show you Burry's actual method instead and how to run it in private markets where you operate. This episode is brought to you by Reef Pass | Serial Acquisition Investors: Reef Pass Investors has spent the last 10 years focused on partnering with founders to launch and build long-term holding companies, and has a proven track record doing exactly that. To reach out to Reef Pass Investors, email holdcofounders@reefpassinvestors.com Instead of copying a portfolio you cannot see, I show you how to steal the method. Burry did not forecast a recession in the big short. He read the loan documents, found the exact reset date millions of borrowers could not survive, then bought a defined downside instrument with asymmetric upside.  Read the contract, find the date, buy the asymmetry, define the downside. That is the whole edge, and he ran the same playbook again in 2025. The translation for private markets: you cannot short a buyout fund, but distress shows up as a date on which someone is contractually forced to transact.  For fund managers, allocators, family offices, and institutional investors, this is the framework for reading the calendar instead of the news and making sure you are still solvent when your date arrives. Watch to learn why being right does not pay, but being right and solvent does. **DOWNLOAD The Hidden Investing Framework Michael Burry Actually Used (That Almost Nobody Understands): https://fundraisecapital.slack.com/archives/D09PDJ5MTFV/p1786324300534479** **LEARN THE CAPITAL RAISING STRATEGIES AND FRAMEWORKS used by alternative asset professionals: https://go.fundraisecapital.co/apply** \[THE HOST]: Ryan Miller is a fund manager, capital strategist, and former CFO turned angel investor in technology and energy. He is the founder of Fund Raise Capital and Aequor Capital Partners, and has mentored over 1,000 fund managers across private equity, private credit, venture capital, real estate, and alternative assets globally. **Subscribe on YouTube:** https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQ **Connect with Ryan Miller:** **Linkedin:** https://www.linkedin.com/in/rcmiller1/ **Instagram:** https://www.instagram.com/ryanmilleroffical/ **X**: https://x.com/\_MakingBillions **Website:** https://making-billions.com/ Support the show **DISCLAIMER: This podcast is for entertainment and general informational purposes only — not legal, financial, tax, or investment advice. Nothing herein constitutes a solicitation or offer to buy or sell any security or investment product. Past performance does not indicate future results. Always consult qualified legal, financial, and tax professionals before making any investment decision. NAME NOTICE: "Making Billions with Ryan Miller" reflects the profile and aspirations of guests featured — it is not a promise, projection, guarantee, or representation of any financial result, income, or outcome for any listener, viewer, or reader. Most individuals who consume this content do not raise any particular amount of capital, and many achieve no financial result whatsoever. "Fund Raise Capital" is a brand identifier only — it is not a promise, guarantee, or representation that any member, subscriber, or listener will raise capital, attract investors, or achieve any financial or professional outcome. This show does not constitute a business opportunity, franchise, investment program, or offer of any product or service of any kind. No part of this show should be construed as a solicitation for investment in any way. Guest views are their own and do not necessarily reflect those of the show or host. Host and/or guests may hold positions in assets discussed. This episode may contain paid sponsorships, advertisements, or endorsements. Sponsored content is identified where...**