You’ve probably heard of Michael Burry.
Played by Christian Bale in the film The Big Short, Burry famously made nearly a billion dollars betting against the housing bubble in the 2000s.
Now this legendary contrarian has a new target: funds.
He’s mostly panning passive exchange-traded funds (ETFs), but he’s got a lot of disdain to go around. In a recent interview with Bloomberg, Burry said that many funds are forming a bubble that’s getting bigger, whether they’re “open-end, closed-end or ETF.”