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The Long (and Short) of it: A Cynic’s Take on Markets & Investing | Jim Chanos

Hidden Forces

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Exploring Total Addressable Market and the Space Investment Paradox

This chapter explores a prominent investor's commentary on companies perceived as universal products and critiques the trend of using expansive total addressable market (TAM) metrics to justify high valuations. The discussion humorously highlights the impact of light-hearted remarks on serious market reactions, especially in speculative sectors like space travel.

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