Bad Investor

Ep 25 - Long term thinking about the rise in speculation


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Yes - any sane and decent person likes to see Big Wall St. get some of their own medicine by the likes of WSB. However, a long term and prudent approach would make us think twice about the effects of such speculation. In the short term, it’s fun and even a good thing. In the medium term, it’s ambiguous. In the long term, however, more speculation will lead to greater inefficiencies in the market and can cause capital allocation errors.
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Bad InvestorBy Bad Investor