Quote:
Originally Posted by SMD
The problem, which many people found out, is that the market can stay irrational a lot longer than you can stay liquid. Lots of people went short in 2006 and got washed away.
|
that's right. and yet there were plenty of that tiny subset that staved off convexity, held tight, even double or tripled + down and saw the ponzi for what it was; they cleaned up. the point here is not timing this fraud up, but knowing what it really is and what that eventuality is, at some point in the (near) future. big difference between those getting defensive and demanding an actual super specific time for this insanity to end, yes?
i am on this forum doing my due diligence re a very specific piece that i can now assess as grossly overpriced and in nosebleed levels relative the rest of the nautilus bubble heh. i am exceedingly patient.