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Even with obviously ridiculous valuations, being a short means thinking you're smarter than the market, and you can time it, and you are smarter enough that a s
by Zigurd 1y ago
Even with obviously ridiculous valuations, being a short means thinking you're smarter than the market, and you can time it, and you are smarter enough that a structurally disadvantaged investment is a good idea.
- emil-lp 1y agoSmarter has nothing to do with it, see e.g. tragedy of the commons.