Michael Burry set fire to investors’ worries when he recently said index funds will cause the market to collapse. He compared indexes to the sub-prime mortgage bubble in 2008, when he made a fortune shorting mortgage securities.
Michael O’Higgins might not be a household name. But some believe he should be. After all, he might have achieved something that nobody else has done. In 1978, he devised a strategy that he declared would beat the Dow and the S&P 500.
Plenty of investors focus on economic news. They worry about where stocks are headed. They want a quick heads-up so they can bob or weave in case stocks hit the skids. But investors usually make more money if they do three things:
Warren Buffett says he has never recommended Berkshire Hathaway’s shares. He hasn’t done so in writing. He hasn’t done so on television. He even says he hasn’t done so privately. Yet, as the company’s chairman since 1965, he might have created more millionaires than anyone…ever.
When British Prime Minister, Theresa May, announced her resignation this summer, many people felt relief. Others saw the Brexit cloud grow darker still. Investors wonder what to do with their money. Since the first Brexit talks, British stocks have lagged behind the rising global markets.