Comment by dheera
4 days ago
Michael Burry is selection bias. Everyone who predicted a massive crash when a crash didn't happen did not become famous.
4 days ago
Michael Burry is selection bias. Everyone who predicted a massive crash when a crash didn't happen did not become famous.
Yeah, and it's the worst dealing with these people. My dad is like this, he's heavily in bonds because "a recession is coming" for the last 5 years.
When it does happen, he will be "right" even though the opportunity cost for holding this belief is huge.
There are a number of "Chief Analysts" who are saying "A Correction is Coming" in ~2-3 years.
Soooo, yes there will always be future recessions, annnnd "professional experts" are saying it's coming sooner rather than later based upon the amount of over-inflated investments in less-well-run companies as they chase the profitability of the more-well-run companies.