Comments by "Magic Beans" (@Magic_beans_) on "Nikola Motors Fraud Explained" video.

  1. 9:30 There’s a scene in The Big Short that’s basically about this. Larry Fields comes into Dr. Burry’s office to talk about the huge premiums he’s paying on his swaps. Burry defends his decision by saying “I may be early but I’m not wrong,” and Fields responds that early is just as bad. That’s typically how leveraged positions work: you can’t just be right, you have to be right enough soon enough.
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