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2min chapter
Reverse Ponzi Scheme
The Compound and Friends
Is It a T C Cs or a Double Nasdak?
When you strip out all the exposures, in a pure factor basis is almost a straight line up. That's why this doesn't make tinslode. The argument would be that by buying lower quality names, it's always like a reverse pansiski. You tell everyone what you're buying, and then they go and drive it up. But, ye, you've already bought it.
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