Their loss is our gain, just as our losses are someone else's gain. The true nature of the free market. Round and round we go.
RE: HODL was BAD for the TULIP MANIA
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HODL was BAD for the TULIP MANIA
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Not necessarily. In a free market everybody could possibly end up making the right investment and make money. But that requires lots of insight and intellect and tons of research.
But that's when you are going long. In shorting its always one winning at the expense of the other.
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I should rephrase that to clarify the point. Thus is the true nature of PEOPLE in the free market, fickle.
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