Note that the mantra doesn’t say the market can stay irrational, it’s just a warning that if you are predicting when irrational failure will produce the expected results, you can be in for a bad time. So if someone is thinking about shorting a bunch of the heaviest bubble stocks and expecting to win, well, they can get screwed as the bubble sustains long enough to screw them and then pop.
jj4211@lemmy.world 1 week ago
Note that the mantra doesn’t say the market can stay irrational, it’s just a warning that if you are predicting when irrational failure will produce the expected results, you can be in for a bad time. So if someone is thinking about shorting a bunch of the heaviest bubble stocks and expecting to win, well, they can get screwed as the bubble sustains long enough to screw them and then pop.