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#47 Adam Robinson: Winning at the Great Game (Part 1)
The Knowledge Project with Shane Parrish
The Second Way a Price Trend Changes
The second way a price trend changes, you don't get a bounce back if the price has gone parabolic. Parabolic is like a step change, basica, ego, from like, a hundred to one 20,. So pr means opposed to a straight line, it starts, it just goes expedential. The same thing works in reverse. Rigt sometimes prices rise so sharply that no one expects them to keep rising at that rate. And then all of a sudden, one day, out of the blue, sharp decline.
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