Jim Chanos on his mistake shorting AOL:
“We underestimated the ability of the crowd to get so infatuated with a concept that it would completely ignore what were very clear warning signs on the accounting side for at least three years."
$TSLA shorts, be on your guard!
I think my biggest fear is the rabbit. It would be a terrible injustice for the shorts to turn out on the wrong side of this debacle.
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That's what position sizing is all about. Don't bet the farm.
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