Love to play with terrible ideas as thought experiments b/c people always write novels back to me about why I'm wrong. This is a superpower because it shows me the consensus view immediately and with minimal effort. Copywriting is magic.
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And every once in awhile, you can find exceptions to the standard rules and consensus thinking. Stretching your brain in this way is both a lot of fun and educational.
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Case in point: outperforming from holding a fraud that paid high dividends before its BK. Source: The Match King (excellent book BTW)pic.twitter.com/M0bzI0a4OJ
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Replying to @LAForeverHall
I forget who but there's an anecdote about some actor who joined the madoff ponzi scheme knowing it was a ponzi scheme because based on envelope math he thought he could get out before it went insolvent (he did!)
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That is kind of amazing. I am going to search for it... you’re always a reservoir of fascinating information.
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