Henry Reardon - Asymmetric Contrarian
The Business Brew
00:00
Buying a Stock Is an Act of Real Arrogance
On the short side, it's a little bit tougher because you're doing the same work and analysis to try to say fundamentally what is something worth. But when you have an environment where something a story can trade at tens of billions of dollars or cryptocurrencies can go from zero to a $3 trillion asset class, you just have to be careful and humble. There's great value investors that say that buying a stock is an act of real arrogance implying that you know more than the market or the other side of the trade.
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