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3min chapter
Smart Money: If you don't know who the patsy is, you're the patsy
Many Happy Returns
Hedge Funds and the Robin Hood Thing
The hedge fund Melvin Capital run by Gabriel Plotkin who was a successful hedge fund. He lost huge amounts of money down something like 50% on the year and eventually had to close down. What you should use this information for when you see these crazy flows into essentially unprofitable stocks. The key point is that you get out at the top and I think that's where you know he just timed it wrong.
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