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How to Scale Your Position for Amazon
Is Amazon a company that you own currently or? Yep. I peeled it back a little bit too early, but it is up in the top half the long book. There are three basic shapes of return distributions: left skew, log normal and Pareto. Paul Tudor Jones says, losers average losers; Bill Miller says lowest average cost wins. It's just money flow, but it's also the distribution that attaches to this group.