(Video length 00:49:28)
- 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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