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The people who are betting against Tesla are not stupid.

Smart people lose money all the time:

victims of mt gox hack

enron

long term capital management

2000 dotocm crash

Bill ackman's herbalife short.

and and and on




> victims of mt gox hack

ok bro, I'm not sure we have the same definition of smart people if yours are people decided to buy a bunch of cryptocurrency and keep it all in a website built in php


one person I know, a physicist, said he lost 50 btc in the hack. in hindsight keeping the coins there was stupid but at the time it seemed safe


I go to physicists to learn about physics. I wouldn't ask them a question about finance.

I go to an economist, or maybe a trader, to learn about money and finances.


"The market can remain irrational longer than you can stay solvent" - keynes




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