'Like most bubbles, the longer it goes on, the worse the crash will be,' Burry told Bloomberg about the flood of money entering index funds.
The investor Michael Burry rose to fame by shorting mortgage securities ahead of the 2008 housing meltdown. His wager was heavily featured in Michael Lewis' bestselling book"The Big Short," and Christian Bale portrayed Burry in the 2015 film adaptation. In a recent email to Bloomberg, Burry drew parallels between the proliferation of index funds and the rise of collateralized debt obligations he shorted ahead of the financial crisis.
The investor Michael Burry rose to fame by shorting mortgage securities ahead of the 2008 housing meltdown. His wager was heavily featured in Michael Lewis' bestselling book"The Big Short," and Christian Bale portrayed Burry in the 2015 film adaptation. In a recent email to Bloomberg, Burry drew parallels between the proliferation of index funds and the rise of collateralized debt obligations he shorted ahead of the financial crisis.
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