It's a very disorienting thing to have one's professional acquaintances be right about substantially everything except that their insistence that the moon is made of raspberry jam, but for what it is worth, people really did say "raspberry jam!" and Preston really did say "No." https://twitter.com/prestonjbyrne/status/1063520896470667271 …
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Tangential to your main point here, but out of curiosity, assuming such things existed and I could short them, why would that not work? (Coming from the same part of my brain)
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I mean this is probably taking the absurdity too literally, but in the example of someone believing the moon is made of jam, removal of the moon-sized jam supply from the market would tend to increase the price of jam (if any sophisticated participant believed it to be real).
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