"The Big Short" investor Michael Burry slashed his Caterpillar (CAT.US) position after nearly tripling profits, as valuation pressures may persist amid uncertain growth prospects

Zhitong Finance APP has learned that Michael Burry, the investor famous for accurately predicting the 2008 subprime mortgage crisis, revealed that he has reduced his short position on construction machinery manufacturer Caterpillar (CAT.US) by 75%. Burry stated that the put options he holds have brought nearly four times the original returns, so he chose to lock in most of the profits while keeping a smaller position.