Index Funds - As Safe as We Think?
Posted on Wednesday, October 9th, 2019 by Patrick Crawley
Michael Burry of The Big Short fame recently came out with his latest prediction for the US market, and this time the catalyst is based on the rise of passive investing.
“...passive investing has removed price discovery from the equity markets. The simple theses and the models that get people into sectors, factors, indexes, or ETFs and mutual funds mimicking those strategies -- these do not require the security-level analysis that is required for true price discovery”