Enduring Investing and Life Lessons with Guy Spier
Excess Returns
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The Fear of Missing Out
Carvana is a really, really interesting case. What you see in cash from operations is ballooning losses. And that money is coming straight in from the stock market. So there was something that I think that and you guys are close to it. There was a phenomenon in New York City, where there was serious fear of missing out.
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