Agent23
Ни шагу назад!
Yeah, that is a strategy describes in the latest revision of the holy bible I linked to.Toss money slowly into an index fund, especially after a downturn. Active investment is a bad idea, and paying people to do it (mutual funds/hedge funds) is also bad.
However, I think, and probably Burry agrees, that Index funds are causing systemic risk.
Every single formula or gimmick that has worked on Wall street has stopped working on wall street after enough people have pushed money into it.
Buying the haystack is bound to the same fate IMO.
Wall street is good at making the banksters and brokers and hedgies money, not the gamblers.
ATM around 40% of the market is a robot, another significant portion of the remainder is algos and chartmongers and shortsellers covering, and the epidemic of stock buybacks and the decades of money printing whenever the market sneezes are not helping matters.
Too many risks have been undertaken and too much bad behaviors rewarded.
Frankly I think that at least 30% of all stocks need to go to zero.