Does the Existence of Speculators Derange People?

Do you think once you start having those types of speculators or, I guess, hangers on come into an industry, does it start to affect the behavior of even legitimate players within that speculative industry? That's a great question. The fact that the existence of speculators deranges people. Exactly. Does it change their own behavior? Maybe I was growing two lips because I love two lips. But now that I have all these people speculating, the calculation starts to change. There's nothing that deranges you more than watching a friend become rich. As the late Richard Blum says, if you see lots of people around you who have become fabulously rich by making stupid investments,