‘It will be ugly’: The Big Short’s Michael Burry on why index funds are like subprime CDOs
“For an investor whose story was featured in a best-selling book and an Oscar-winning movie, Michael Burry has kept a surprisingly low profile in recent years. But it turns out the hero of ‘The Big Short’ has plenty to say about everything from central bank fueled distortions in credit markets to opportunities in small-cap value stocks and the ‘bubble’ in passive investing.”
USAGOLD note: Burry lays out his take on the markets. His analysis cuts through the haze to the core issues in the stock and bond markets.
Repost from 9-5-2019