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The Big Blowups Are Usually Caused by Extreme Intelligence
I've been through your Twitter feed recently and for people out there that have not seen Jerry's Twitter feed, if you don't want to do all kinds of interesting research, define confirmation. He finds it and puts it on his Twitter feed. I think also interesting too is your thought that given to where we are right now with many markets extended, especially US equities,. There's probably a few of those lurking out there that could get pierced sometime in the future. They're doing exactly what you're describing, but the leverage is being hidden inside of bull markets. You take these smart guys with PhDs and you tell them, okay, you're finished. Now go market or something like