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https://www.bloomberg.com/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos https://www.bloomberg.com/news/articles/2019-09

https://www.bloomberg.com/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos https://www.bloomberg.com/news/articles/2019-09-04/michael-b... You probably saw that yesterday but yes I am beginning to feel the same.

trimbo 7y ago
I did. It was also brought to my attention a few months ago with this article[1] Question is, where to put money? Factor funds? [1] - https://www.wsj.com/articles/wave-of-index-money-is-about-to-hit-recent-ipos-like-uber-11560513600 https://www.wsj.com/articles/wave-of-index-money-is-about-to...
- JohnJamesRambo 7y ago
  I’ll probably get lots of downvotes because HN seems to hate it but I’ve been putting a lot in Bitcoin. It seems like a nice investment totally outside of the normal financial system that I’m losing faith in.
  - 0xffff2 7y ago
    You'll certainly get downvotes if you ask for them. That aside, what makes Bitcoin an investment? It's certainly outside the normal financial system, but what's the reason to expect it to retain or gain value?
  - prewett 7y ago
    Why are you losing faith in the normal financial system?
nytesky 7y ago
Hah, so I was a total housing bubble head in 2005 (though I was to naive to understand the debt instruments that would amplify it). And I've been telling my economist spouse for over a year that passive investing boom is going to distort things (and they roll my eyes at me, b/c they hate it when I dabble in armchair economics). That said, I believe much of tech is crazy over valued, but I think we are in a new paradigm since SO MUCH capital has flowed in private markets (NY Times article about "More Money Than We Ever Imagined" really shows this well). But I am far far from being proven right on that.