A critique of the claim that passive investing is a bubble
I think this article really misses the point that Burry was making, which is that if the indexs see a sell off they won&#x27;t find the liquidity in the market to cash out their positions and will drive the market down.<p>This article seems to focus on all of the upsides of indexing, which are all true. However, those upsides don&#x27;t negate the risk that is being pointed to.