2 ms·
> I agree that humans ignore the views that do not support the narrative they decided is true or they deem unlikely. I'm not following how is that relevant. Th
by PartiallyTyped 6y ago
> I agree that humans ignore the views that do not support the narrative they decided is true or they deem unlikely. I'm not following how is that relevant.
That is the argument, the hedge funds made a bet and had already decided the outcome, my argument is simply that they ignored the bull thesis because they had already decided the outcome. They also ignored the possibility of getting royally forked up. If main street figured it out, somebody else could have as well, and Michael Burry did.