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> He'd be up huge if he held, but he 'paper handed'. Is he a dumb guy ive come to believe its often a matter of solvency, theres only so long you can keep that
by penjelly 3y ago
> He'd be up huge if he held, but he 'paper handed'. Is he a dumb guy
ive come to believe its often a matter of solvency, theres only so long you can keep that money invested before people start wanting/needing it back. Especially with large economic shifts that weve been seeing.
- hsod 3y agoI don’t think solvency was an issue here but another way of getting to the same place is that he felt he could deploy the capital more effectively elsewhere. He made a bet on Netflix because he thought he had some alpha. After he lost a third of it he had less faith in his original thesis and thus his allocation priorities changed. Or at least that’s the story he’d want to tell