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> The thing to learn [from the short-squeeze] is that, it's such a rare experience and special case, we should not overreact. One of my favorite points from “T
by draw_down 7y ago
> The thing to learn [from the short-squeeze] is that, it's such a rare experience and special case, we should not overreact.
One of my favorite points from “The Black Swan” is how Taleb points out that the few biggest market-moving days make up all the action in the market; the days in between are close to noise.
This is also a bit like saying after a car crash “this is such a rare event, all the other times I drove I didn’t crash. So let’s not get too hasty here”