Fun times. Although I find it hard to blame them tbh.
They’re incentived to do so because apparently investors don’t understand the difference.
They’re incentived to do so because apparently investors don’t understand the difference.
If the market can remain irrational longer than a fundamentals-driven investor can remain solvent, is it irrational to bet on the market remaining irrational?
If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.