'Big Short' investor Michael Burry warns of a massive bubble and epic market crash

[CY09]

..

So I do feel long term investors care about rate forecasting

By forecasting, do you mean forecasting rates for the next 10 years or the next 12 months? Neither will be easy, or I would argue, possible, to give investors a significant advantage.

This can be long term. For example in the last decade, interest rates were 0-2% which was below the average of Fed rates, a long term investor may have factored this and say the low 0-2% can't last forever and a 4% avergae interest rate will occur