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I'm seeing many instances of investors/ trader hubris, feeling like geniuses owning many of the names across semis / AI / memory
Part of it is extremely commendable because they were onto these themes well before wall street and why I think following the right accounts on X is literally a cheat code for alpha generation
On the other hand, that dance can keep going just long enough where you think you can't make a wrong move
Super bullish on many of these themes long-term but just think the mean-reversion will be hard