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167 points lemonlym | 1 comments | | HN request time: 0.198s | source
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noodlescb ◴[] No.45055320[source]
Not to be too ageist but the author appears to be a Stanford college student? Interesting thoughts but also feels kind of naive in that it is using a lot of assumption of a logical market, which is kind of adorable in a world where investing has devolved into a hype gambling market where Tesla has become a meme stock.
replies(1): >>45055380 #
1. lemonlym ◴[] No.45055380[source]
On the topic of "logical markets", it's not so much how logical a market is and more how much liquidity and available funds exist in the market. It doesn't matter if the market is logical or not, if there is a relative scarcity of funds there is bound to be a contraction.