We must therefore conclude that the investors who remain are not really affected by such things as discovering that the CEO of the company in which you are investing is a cartoon.

Basically, all those easily fooled dupes are 

. I.e., no growth; and the mechanism depends on new bagholders

Stacker_Stocks

econ

Bagholders Beware: Strategy Is So Fucked (FT, Craig Coven)

denlillaapan

> We must therefore conclude that the investors who remain are not really affected by such things as discovering that the CEO of the company in which you are investing is a cartoon.

true... but [his whole business model is based on ripping people off, *how long can that last?!*](https://getyarn.io/yarn-clip/40ae6df1-750c-431b-bc08-45a0a44ce842?__cf_chl_rt_tk=bLHyyhAxWBwy08I7IzEG8JeNoLSG52iZcy9nuF7vl5E-1782401663-1.0.1.1-hrneKbJTDI2TQiT.JsOaoDjfsNQE0VLVVQObsglrv.I)

Basically, all those easily fooled dupes are _already on board_. I.e., no growth; and the mechanism depends on new bagholders