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I always say that the crash comes after the last skeptic buys in. I honestly don't have any anecdotes to specifically back that up, but plenty of people at cock
by cardiffspaceman 10y ago
I always say that the crash comes after the last skeptic buys in. I honestly don't have any anecdotes to specifically back that up, but plenty of people at cocktail parties have nodded in agreement.
- thaumasiotes 10y agoThis would immediately imply that no one ever gets rich shorting the crash.
- cardiffspaceman 10y agoBecause no skeptics would be short when the crash came.
- ktRolster 10y agoBut of course, some people do make money in the crashes. John Paulson made billions in the 2008 crash. Mark Cuban at least forsaw the .com bomb.