The man is Michael Burry.
The images are of Astrid Stawiarz.
Peter Lynch warned buyers of index funds and exchange-traded funds that they were losing out on superior returns. The investor of "The Big Short" warned that the trend could be disastrous.
Lynch, who managed the Fidelity's Magellan fund for 13 years, said in a radio interview that the move to passive is a mistake.
He expects the best active managers to trounce the market.
In an interview in the year 2019, Burry called the boom a bubble. The trend was affecting interest in smaller securities around the world.
There is a lot of opportunity, but few active managers looking to take advantage.
The lack of active managers was making shareholder activism more difficult. Managers who are passive tend to be less aggressive with company executives. He called for a board shake up and 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611
In September, the chief of the Scion asked about passive investing. He warned that the stock market was in a precarious position because of the flood of money into index funds. He said that parabolas don't resolve sideways.
The mid-2000s housing bubble was called a by Burry, who made a fortune by betting on crashes. The investor took short positions against Musk's companies. He invested in the stock of GameStop back in the year of 2019.
There is a clear shift from active to passive investing, but it's hard to say if Lynch and Burry are right about the risks. At the end of 2016 the value of passively managed US assets was $3.1 trillion, and today they are $7.5 trillion.
The creator of a Michael Burry subreddit explains why The Big Short investor's selling spree is a huge red flag and why it's a major endorsement for the few stocks he has left.
Business Insider has an original article.
