5-2c2b2 When you are long bullshit, you are short volatility and time

“If a stock’s valuation rerates significantly higher, but the business’s long-term growth and “optionality” (the potential to expand into new areas) have not increased to justify that premium, it is time to take money off the table.” – Made in China

Get out bullshit fast—otherwise you will be short gamma and play FOMO.

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• 5-2c2b0 The truer and deeper the idea is, the more likely it will survive criticism, change in society, and withstand unpredictable consequences brought about by itself

Next:

• 5-2c2b3 ‘When you punt something into the future, the future eventually arrives’

Related:

• 3-1c3c4.3 “Be fearful when others are greedy and be greedy only when others are fearful”
• 4-1a4b2b Being reactive is like being analog in the heat of the moment
• 9-2a3b Don’t pick up anything which has certain downside. Avoid bullshit.

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