Predicting the Future ft. Stephen Grugett
The New Liberal Podcast
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Is the Price of GameStop a Good Idea?
I think it really depends on the type of market. As you were suggesting earlier, politics is unique because people are willing to pay a lot to cheer lead further aside or to be able to say after the fact that they bet on their favorite candidate and he won. You know, in other domains where it's not the case that there's like a large bias like tilting the playing field one way or another, you can get by with relatively few traders. What's interesting is you're seeing this kind of emotional attachment, you know, betting for emotional reasons rather than for rational reasons. And we think that happens more in politics.
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