When it comes to bubbles, the market first bankrupts everyone who bet against them, and then bankrupts everyone who bet on them…
Big gains in the most heavily shorted stocks like Game Stop.
Robinhood traders buying Game Stop think they’re smarter than the hedge funds shorting it.
Markets can stay irrational longer than you can stay solvent.
In the short-run, stocks are a voting machine. In the long-run, stocks are a weighing machine.
Price is what you pay. Value is what you get.
When it comes to bubbles, the markets first bankrupt everyone who bet against them, and then bankrupts everyone who bet on them.
Premium for Grayscale Bitcoin Trust is collapsing along with the demand.
If you’re at the poker table and you don’t know who the patsy is, it’s you.
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