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You can believe that you're right, everybody is wrong but will eventually find out, and therefore you should place a risk-weighted bet on that. It would be lik
by ucaetano 11y ago
You can believe that you're right, everybody is wrong but will eventually find out, and therefore you should place a risk-weighted bet on that.
It would be like most hedge funds: "I believe assets are overpriced, so I've shorted them".
He's doing the opposite: "I believe assets are overvalued, so I'm buying them".
This isn't even bullshitting, is blatantly lying.
- mobilefriendly 11y agoYou're missing a nuance-- he believes that less-liquid assets like early startups, or startups outside of B2C tech (and outside of Silicon Valley), are a place to still find value.