The Role of Fools in the Short Market

The only thing that matters is one, will those people quit on that? Or two, will somebody pull their capital where they can't. And so the greatest example of this was Grubhub versus DoorDash. Where DoorDash did a massive round with the explicit mandate to not care about unit economics just to murder Grubhub. How do you come back against that? Right. That's because these guys are betting. One is these people are fools or gambling money. The second is these are very serious people who just bet a billion, two billion, five billion dollars to win a market. So you need to consider that in your analysis of whether or not they're going to capitulate