Why Michael Burry Is Wrong About Index Funds

Michael Burry, who became famous after Michael Lewis’ book (and subsequent movie) The Big Short, says stocks are going to crash.

And he blames… investors in index funds. I continue to receive plenty of questions about this.

So I took the time to write a detailed response with an argument that, I think, makes his theory look weak.

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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3 Responses

  1. Jen says:

    Hi Andrew
    Do you (or anyone else on here with good etf knowledge) know of an ETF REIT that is a good one.. not traded in USA and I am a non us person and don,t want to hassle of any potential tax to USA. I have googled, check the etf lists…but I see only one..that is USA based. I am diversifying a little more from stock and bond and want to add a REIT.

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