Oddbean new post about | logout
 He is doing some amazing and creative things, but I don’t believe in perpetual motion machines.  They don’t exist in nature, and I don’t believe they exist in finance.  Can’t tell you where the flaw is here, but there is one, and the size of the stack built on that flaw is getting huge.  When this stops, I hope it is gradually, not suddenly.  Best case - NAV share price 5 years from now.