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Matt Levine of Bloomberg has a quote about Adam Neumann that is just... amazing. It's about selling in a sellers market and basically about how he sold We Work shares to Softbank (and taking money out of it).

I see stocks as fundamentally two things. A statistical thing (something that tracks the underlying fundamentals of a business, and a probability (a belief in that company). Yes, this alludes to classical frequentist statistics vs Bayesian statistics interpretations.




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