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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Find out why.
Click below to read the rest of my AssetBuilder article.
Why The Big Short’s Michael Burry Is Wrong About Index Funds
Michael Burry set fire to investors’ worries when he recently said index funds will cause the market to collapse. He compared indexes to the sub-prime mortgage bubble in 2008, when he made a fortune shorting mortgage securities. I’ve been investing for 30 years. Doomsayers have been predicting st…
