저자: 미상 · 외국인
요약 보기
결론: 영상은 마이클 버리의 '인덱스 버블' 경고를 소개하지만, 현재 주식시장이 새 버블인지에 대해서는 명확한 결론을 내리지 않는다. 마이클 버리 소개: 2000년 닷컴 버블과 2007년 금융위기를 예측해 큰 수익을 낸 인물로, 책 『The Big Short』와 동명 영화로 알려져 있다. 핵심 주장: 패시브 인덱스 투자가 확대되면서 개별 기업의 실적·재무를 가려내는 가격 발견(price discovery) 기능이 약해졌다는 것이 버리의 주장이다. 비교 논리: 진행자는 인덱스 펀드를 2007년 위기의 원인이었던 CDO와 비교하는 시각을 소개하지만, 두 상품은 차이가 크다고 설명한다. 차이점은 (1) CDO는 구조가 복잡하고 불투명하며 ETF는 단순하고 투명하고, (2) CDO는 레버리지가 과도했으나 인덱스 펀드는 레버리지가 없으며, (3) CDO는 유동성이 매우 낮았으나 인덱스 펀드는 언제든 사고팔 수 있다는 점이다. 결론 및 전망: 진행자는 인덱스 상품이 CDO와 같다고 보기 어렵다는 입장이며, 시장 붕괴가 올지 여부는 아무도 알 수 없다고 말한다. 종목 및 자산별 가격 방향에 대한 구체적 예측, 목표가, 기간은 제시되지 않았다. 리스크: 패시브 자금 쏠림에 따른 가격 왜곡 가능성과 인덱스 버블 우려가 리스크 요인으로 언급된다. 출연자 전망: 진행자는 버블 여부에 대해 확답을 피하며 중립적 입장을 보인다.
다듬은 글
Michael burry is the man who predicted the two of the biggest stock market crash in the last decade dot-com bubble in the early 2000 and stock market crash in 2007 so in the recent interview on the Bloomberg he said that we are in the newest stock market bubble situation and that was the index bubble so in order to explain a little bit in depth this topic we will take a quick look on the this one and find out we are right now in the new stock market bubble so before we start I just mentioned that I'm not the any financial advisor and this is not recommendation on my youtube channel I also just just make my opinion in topic like stock market investing money and others hello subscribe me welcome back to the another video today we will take a look at Michael burry and what he said that we are now in the newest bubble and this is in this problem before we start I will thank you for watching this video and encourage you to give me one big big smash on the like button and subscribe to this channel so for now thank you for your support and let's move on Michael burry has a huge amount of experience in the financial market in 2000 he found the same capital and very effective cold dot-com bubble by shorting stock he managed to make a huge huge profit even the S&P 500 was failing a lot but one of his most important tradition is that he predict stock market crash in 2005 for 2007 it's true it he predicted stock one crash two years earlier you cannot probably heard about him if there is very famous book Big Short which later transforming even more famous movie the Big Shot my Cobra character was played by Christian Bale so let's move it this cold passing investing has removed price discovery from equity market so that means that the market reduced the ability to sort the good company out of bed company in terms of earnings revenue and financing so in other words is much easier to invest in such index funds then make very much study about company and make decision it is the good company or better contact so the next future picture will show you how much investment in the in exponent will increase it was increased in the last few years in this base of the amount of money for these 3 inch instrument so many people compared CDO the estimate that calls the market crash in 2007 with the index 1 but surely it's something like this so Cydia was very very quick and very leveraged and index found was very stabilized and very slow in the upper side and in the dark side so what the CDO I mean not huge in going to depth what you see the odd but in my world it's very toxic instruments which caused very much stock market crash in 2007 so compared to the index fund ET ideas so for example this sa SPD air ATF is tracking S&P 500 so in the picture you can see the company is this idiot and also percentage of this company in the 80s so simply it's just portfolio stocks and the price of PDF is just way too average price of the stocks so now we will explain the difference between CBO's and in response the difference between CEOs any response is very big big meaty else usually truck some index such as acp 509 SP 500 is the company you might sell like Apple like Amazon like Microsoft and others which has very good the business model fine sheet and income statement in the other words this index one has very very good basement because of this very good stock which have very good finance in a statement earnings and others so let's now explain Sidious so the CDO is financial instrument that of the bunch of mortgages so in the beginning you can see the difference not like ETS which has saw the company on his back this video has bunch of that very important think that that some of this debt is sublime supremacist is my people with low credit score get more Jews which they is not able to a consistency second difference between the two instrument is leverage CTO is very much leverage leverage is very good when CDO was going got parked even divorcement CBO the going down so leverage was one of the very very bad decision which is the one of the things that caused the stock market rush in 2007 so there is no such thing at index fund as you can see on the picture usual there is no leverage in this instrument and that is the reason why in response is not going so much faster up or even the faster down so the last one thing of our list is liquidity and that means that for Cydia that was the very very bad liquidity and for example in the index fund you can go up and down whatever time you want and Presidio was very different because you have to college some manager to some transaction with some documents and others so when we sum up difference between the these two instrument is very very easy to see that is not much similarity between ETS and CEOs so first it's very hard to pricing instrument like the CEO because it's such complex that almost no one almost no one known what is in it in the other hand everyone who just make some little bit deep into the stock market know that some ETF is usually tracking some big index and behind that big index is usually some very very good stocks like Amazon stock Amazon Apple coca-cola and others so the second important thing between these two is leverage leverage is hardly nominee in the mortgages business and every know that that bank can borrow you money for buying some house and even every also know that that the Bank of America will not borrow your money four by four buy the stock of Bank of America so this is a very very difference between these two because in leverage in mortgages business there is very much leverage and in stock market and equity and if you have business it is it is not leverage at all so that is the reason why in this form going up or down very very slow and the last on altruistic liquidity as I mention earlier its it is very very good retreat in the index fund but back in the days in CBO you have to call the manager you have to make some documents and the others to go up or in in the videos so let's my conclusion can be compared to some prime CEOs with index bonds probably not but in my opinion very very hard to compare this instrument but surely it is the question are they some bed or was some good in the FCS of course it is it is in all market it is same sunbathing salty some goodies map and you know but I will England cause the stock market crash no one knows even the microbreweries Mouse and and future will tell us that so that was all of this video about Michael burry and in exponent let me know what is your opinion in the comment section below also give me one big big smash on the like button and do not forget to subscribe on this video as always I hope you enjoyed this video and thank you for watching and have a good rest of the day enjoy you
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