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>If for the only reason that, if it were a sucker's bet, then most people wouldn't take it. The market can remain irrational for longer you can remain solvent.
by icelancer 14y ago
>If for the only reason that, if it were a sucker's bet, then most people wouldn't take it.
The market can remain irrational for longer you can remain solvent.
- marcamillion 14y ago> The market can remain irrational for longer you can remain solvent. Yes, but can it remain solvent for as long as everybody can remain solvent? i.e. everyone that makes these "sucker" bets? No. Liquidity will dry up, because there is a big chunk of the market that takes these bets.