[rendang]

If you're right, that's great news for you, as you can make tons of money buying Spacex puts

[cosmicgadget]

If the market is detached from reality then you very much cannot. It's like you weren't even listening.

[echoangle]

Markets can remain irrational longer than you can remain solvent.

- John Maynard Keynes

[eudamoniac]

This quote refers to shorting; it's not applicable to every bear position anyone ever attempts to take. You won't go insolvent buying puts.

[echoangle]

You won’t go insolvent but you’ll consistently lose money every time the stock doesn’t go down.

[moralestapia]

What a great quote man. First time I read something like this. And thanks for crediting the author, now I can go learn more about him.

[benrutter]

Another great, if not so relevant quote from JMK:

> My only regret in life, is that I did not drink more champagne

[UncleMeat]

Not if people continue to have the 100x premium on Musk. Puts only make sense if the market returns to rationality.