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The first tweet is easy to understand https://www.newtraderu.com/wp-content/uploads/2022/11/Burry-index-warning-300x219.jpg https://www.newtraderu.com/wp-conte
by World177 4y ago
The first tweet is easy to understand
https://www.newtraderu.com/wp-content/uploads/2022/11/Burry-index-warning-300x219.jpg https://www.newtraderu.com/wp-content/uploads/2022/11/Burry-...
He's stating that too many people blindly believe investing in the top 500 companies in the United States is a good plan. This strategy was recommended by Warren Buffet after he won a very unscientific bet.
Michael Burry believes that these people will later want to exit their positions, and won't be able to because the amount of people entering these positions will be lower than those exiting. At which point, the bubble will pop, as the market won't produce buy offers as fast as people attempting to exit their position.