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