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chalrey110 karma

Dear Ray,

Michael Burry has come out saying that the pandemic could “unwind the passive investment boom”. Does he mean popular index trackers and ETFs like Vanguard and if these just track indicies like the S&P 500 how can it unwind without the underlying indicies unwinding?

Also which currencies would you be buying currently for a medium term outlook?

Many thanks, Charley

chalrey2 karma

Massively appreciate this answer and thanks everyone else for your comments. Trouble is like all these things it poses more questions:

  • Does he mean actively picking good strong outlier stocks right now while everything is still upside then go back to index and ETF when the recovery begins or does he mean adopt the former strategy for the medium to long term?

  • Where does one find that “smart investor” because as buffet says generally we at pretty and at picking individual stocks.” And what is the the right structure to not get screwed on fees?

  • And finally what currency to be buying now for the medium term?!

Comments welcome guys and girls.