'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.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Germany's far-right makes big gains in state electionsThe results represent a blow to Chancellor Angela Merkel's ruling coalition with the center-left Social Democrats and will be viewed as a victory for the anti-immigrant Alternative for Deutschland
Lire la suite »
Jared Leto, Joseph Baena Big Winners at Malibu Chili Cook-OffJared Leto and Jesoph Baena channeled their inner child at the Malibu Chili Cook-off.
Lire la suite »
No Relief for Big Tech Under New EU LeadershipThe incoming head of the EU executive arm is promising new laws on artificial intelligence and the use of big data within 100 days of taking office on Nov. 1, as the bloc’s antitrust enforcer gathers evidence to probe the practices of companies including Facebook and Amazon.
Lire la suite »
Big Oil venture funds target green investmentsOil companies are backing the next wave of green energy startups.
Lire la suite »
Big Tech or big labor? 2020 Democrats line up with unionsDemocratic presidential candidates are siding with unions over Big Tech.
Lire la suite »
Narrow escapes in state votes earn big German parties a few months' reliefGerman Chancellor Angela Merkel's conservatives and their Social Democrat (...
Lire la suite »