The hedge to a portfolio full of heavily-indexed stocks would be fairly-valued, non-indexed stocks. Burry had to report his holdings in a 13F filing on August 14:
He holds heavily-indexed companies like Disney, Fedex, and Alphabet.
He holds a couple of small-cap value companies that aren't likely to be included in more than a couple of small ETFs: Tailored Brands (Mens Warehouse) and Sportsmans Warehouse.
This reminds me of the article someone else posted today about six sigma, where commenters rightly pointed out that the methodology works until companies try to use it to replace actual thinking managers.
The hedge is simply to pay attention and make your own decisions. Index funds are great in general, but not when markets get out of whack (bubbles, etc).
Start with something simple, say taxing people of one race 15% more than another race. That would seem a valid form of repression.
Okay, so that rarely happens and is almost always combined with far greater forms of repression. But there are less extreme examples. What about taxing someone more when they have kids, or more when they don't?
Sin taxes also seems a way to repress certain behaviors in society by increasing their cost. Why can't the logic apply in other areas of life where tax rates are unequal?
Yes, compared to Safari. The Safari engineering is very impressive! I think there is quite a bit more to come on the Firefox side though, so hopefully they'll close the gap.
Same, I switched to Safari a couple of years ago. I was initially hesitant, because I used the developer tools in Chrome quite a bit. I was pleasantly surprised to see that the Safari developer tools is very mature, and in some ways better than Chrome.
