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cardiffspaceman
on May 15, 2016
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Bubble Indemnity
I always say that the crash comes after the last skeptic buys in. I honestly don't have any anecdotes to specifically back that up, but plenty of people at cocktail parties have nodded in agreement.
thaumasiotes
on May 16, 2016
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This would immediately imply that no one ever gets rich shorting the crash.
cardiffspaceman
on May 16, 2016
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Because no skeptics would be short when the crash came.
ktRolster
on May 16, 2016
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But of course, some people do make money in the crashes. John Paulson made billions in the 2008 crash. Mark Cuban at least forsaw the .com bomb.
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