3 ms·
Sounds like "Markets can stay irrational longer than you can stay solvent" would apply here
by vadansky 7y ago
Sounds like "Markets can stay irrational longer than you can stay solvent" would apply here
- jefftk 7y agoThe problem in the Gotham case I linked was that markets didn't consider the news to be as significant as Gotham expected them to. The goal with this strategy is to find serious issues that will rightly cause investors to immediately decrease their estimate of the value of the company.