“When the valuation is so dependent on momentum, the…” — Decoder with Nilay Patel at 41:09
“When the valuation is so dependent on momentum, the reversal of these trends is everything. The hedge funds are absolutely paying attention to each one of these trends. And as they build up, at some point, they're just going to accept this thing has reversed. The momentum is all going the opposite way. It's just like…”
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