To famed investor Michael Burry, index funds look eerily like collateralized debt obligations did ahead of the 2008 financial crisis. Burry laid out the parallel in an email to Bloomberg on Tuesday.
‘Big Short’ investor Michael Burry explains why a wildly popular investing vehicle reminds him of the rotten securities that once crashed the economy
‘Big Short’ investor Michael Burry explains why a wildly popular investing vehicle reminds him of the rotten securities that once crashed the economy
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