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> GM’s bankruptcy was date X+1, thus losing the bet. A lesson on timing. Even when you’re “right”, you can be wrong. Anyone who has tried their luck at day-tra
by hiram112 8y ago
> GM’s bankruptcy was date X+1, thus losing the bet. A lesson on timing. Even when you’re “right”, you can be wrong.
Anyone who has tried their luck at day-trading has learned their lesson, i.e. "The Market Can Remain Irrational Longer Than You Can Remain Solvent".
- nradov 8y agoPlus once politics becomes involved, economic rationality goes right out the window. There's no way to reliably forecast that.